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Most radar systems employ a feed-forward processing chain in which they first perform some low-level processing of received sensor data to obtain target detections and then pass the processed data on to some higher-level processor such as a tracker, which extracts information to achieve a system objective. System performance can be improved using adaptation between the information extracted from the sensor/processor and the design and transmission of subsequent illuminating waveforms. As such, cognitive radar systems offer much promise. In this paper, we develop a general cognitive radar framework for a radar system engaged in target tracking. The model includes the higher-level tracking processor and specifies the feedback mechanism and optimization criterion used to obtain the next set of sensor data. Both target detection (track initiation/termination) and tracking (state estimation) are addressed. By separating the general principles from the specific application and implementation details, our formulation provides a flexible framework applicable to the general tracking problem. We demonstrate how the general framework may be specialized for a particular problem using a distributed sensor model in which system resources (observation time on each sensor) are allocated to optimize tracking performance. The cognitive radar system is shown to offer significant performance gains over a standard feed-forward system.

Can Australian equity returns be modelled by 'home-grown' factors? We examine the indigenous capital asset pricing model, the indigenous Fama-French three-factor model, and extensions to the latter, and find them all wanting. We find evidence of domestic market segmentation in Australia. For the smallest firms, all the models we study fail. For the largest Australian firms, we find that the US Fama-French three factors (downloaded from French's website: http://mba.tuck.dartmouth.edu/pages/faculty/ken.french/ ) provide a successful model of Australian returns. It is as if the largest firms in the Australian market are simply part of the larger US market. Copyright (c) The Authors Journal compilation (c) 2006 AFAANZ.

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Our note examines the momentum effect in Australia using the J-month/K-month methodology of Jegadeesh and Titman (1993, 2001). Our sample consists of stocks listed on the Australian stock exchange from January 1980 to December 2001. We do not find evidence for a momentum effect in Australia during this period. Rather, we find evidence of significantly positive returns for ‘loser’ portfolios in July-the first month of the Australian financial year.

Echolocation is the ability to use sound-echoes to infer spatial information about the environment. Some blind people have developed extraordinary proficiency in echolocation using mouth-clicks. The first step of human biosonar is the transmission (mouth click) and subsequent reception of the resultant sound through the ear. Existing head-related transfer function (HRTF) data bases provide descriptions of reception of the resultant sound. For the current report, we collected a large database of click emissions with three blind people expertly trained in echolocation, which allowed us to perform unprecedented analyses. Specifically, the current report provides the first ever description of the spatial distribution (i.e. beam pattern) of human expert echolocation transmissions, as well as spectro-temporal descriptions at a level of detail not available before. Our data show that transmission levels are fairly constant within a 60° cone emanating from the mouth, but levels drop gradually at further angles, more than for speech. In terms of spectro-temporal features, our data show that emissions are consistently very brief (~3ms duration) with peak frequencies 2-4kHz, but with energy also at 10kHz. This differs from previous reports of durations 3-15ms and peak frequencies 2-8kHz, which were based on less detailed measurements. Based on our measurements we propose to model transmissions as sum of monotones modulated by a decaying exponential, with angular attenuation by a modified cardioid. We provide model parameters for each echolocator. These results are a step towards developing computational models of human biosonar. For example, in bats, spatial and spectro-temporal features of emissions have been used to derive and test model based hypotheses about behaviour. The data we present here suggest similar research opportunities within the context of human echolocation. Relatedly, the data are a basis to develop synthetic models of human echolocation that could be virtual (i.e. simulated) or real (i.e. loudspeaker, microphones), and which will help understanding the link between physical principles and human behaviour.

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Compressive Sensing (CS) provides a new perspective for addressing radar applications requiring large amount of measurements and long data acquisition time; both issues are inherent in through-the-wall radar imaging (TWRI). Most CS techniques applied to TWRI consider stepped-frequency radar platforms. In this paper, the impulse radar two-dimensional (2D) TWRI problem is cast within the framework of CS and solved by the sparse constraint optimization performed on time-domain samples. Instead of the direct sampling of the time domain signal at the Nyquist rate, the Random Modulation Preintegration architecture is employed for the CS projection measurement, which significantly reduces the amount of measurement data for TWRI. Numerical results for point-like and spatially extended targets show that high-quality reliable TWRI based on the CS imaging approach can be achieved with a number of data points with an order of magnitude less than that required by conventional beamforming using the entire data volume.