Finite mixture models and hidden Markov models (HMMs) occupy central roles in modern statistical inference and data analysis. Finite mixture models assume that data originate from a latent combination ...
This paper shows that the Expectation-Maximization (EM) algorithm for regime-switching dynamic factor models provides satisfactory performance relative to other estimation methods and delivers a good ...
In 2022, OpenAI shook the world with the launch of ChatGPT, a groundbreaking product that could answer questions in an eerily human-like manner. At the time, it felt like something out of a sci-fi ...