TARU PUBLICATIONS
 Journal of Statistics and Management Systems cover
Hybrid ·Peer-reviewed·ISSN (Online): 2169-0014·ISSN (Print): 0972-0510

Monthly Journal: Publishes peer-reviewed aticles on theoretical and applied statistics and management systems, expoloring industrial statistics, actuarial and decision sciences.

Issues up to 2022 co-published with and available at:Taylor & Francis Online
submissions@tarupublications.com
Volume 27·Issue 8·November 2024·16 Articles

Volume 27, Issue 8

Articles

Open Access Research Article·pp. 1499–1523·Vol. 27, Issue 8Nov 2024

A reduced-bias weighted least squares estimation of the extreme value index

By E. Ocran, R. Minkah, Kwabena Doku-Amponsah

Published Online: 18 Dec 2024DOI: 10.47974/JSMS-981

In this paper: In this paper, we propose a reduced-bias estimator of the EVI for Pareto-type tails (heavy-tailed) distributions. This is derived using the weighted least squares method. It is shown that the estimato...

AbstractReferencesFull Text PDF (1,013 KB)Views: 188Downloads: 64Citations: 0
Open Access Research Article·pp. 1525–1539·Vol. 27, Issue 8Nov 2024

Age-structured model with varied contact patterns and vaccination of COVID-19 in Liaoning Province, China

Tengxin He, Ning Lia

Published Online: 18 Dec 2024DOI: 10.47974/JSMS-1011

In this paper: Measuring age heterogeneity and the role of vaccines in the epidemic, an age-structured SVEIHR model is developed to simulate the propagation of the third outbreak of COVID-19 in Liaoning Province. Ba...

AbstractReferencesFull Text PDF (945 KB)Views: 121Downloads: 67Citations: 1
Open Access Research Article·pp. 1541–1556·Vol. 27, Issue 8Nov 2024

Estimation of three entropies for Dagum distribution using Type-II censored data

Marwa KH. Hassan

Published Online: 18 Dec 2024DOI: 10.47974/JSMS-1017

In this paper: The entropy of a random variable according to information theory is the average level of information. Our main scope is, the estimation of three different entropies of Dagum distribution using Type-II...

AbstractReferencesFull Text PDF (1.2 MB)Views: 148Downloads: 51Citations: 0
Open Access Research Article·pp. 1557–1575·Vol. 27, Issue 8Nov 2024

ShinySurv : A survival analysis and Shiny web application

Fatih Sağlam, Tuba Şanlı, Mehmet Ali Cengiz

Published Online: 18 Dec 2024DOI: 10.47974/JSMS-1024

In this paper: There are different programs available for survival analysis. However, these programs do not deal with survival problems with all censor types. The aim of this study is to form and explain “ShinySurv”...

AbstractReferencesFull Text PDF (1.6 MB)Views: 210Downloads: 67Citations: 0
Open Access Research Article·pp. 1577–1594·Vol. 27, Issue 8Nov 2024

Analysis of system of fractional partial differential equations using Laplace reduced differential transform with decomposition method

R. S. Teppawar, R. N. Ingle, R.A. MUNESHWAR

Published Online: 18 Dec 2024DOI: 10.47974/JSMS-1112

In this paper: In this article, we discuss how to solve systems of nonlinear fractional partial differential equations (NFPDEs) by combining the Laplace transform & the reduced differential transform method, often k...

AbstractReferencesFull Text PDF (1.0 MB)Views: 184Downloads: 63Citations: 0
Open Access Research Article·pp. 1595–1613·Vol. 27, Issue 8Nov 2024

ANOVA F-test and Kruskal-Wallis test performance comparison under varying distributions, variance heterogeneity, sample sizes, and noncentrality structures

Ryan R. Rahrig

Published Online: 18 Dec 2024DOI: 10.47974/JSMS-1116

In this paper: This study provides a direct comparison of the ANOVA F-test and the Kruskal-Wallis Test, a commonly used nonparametric alternative, in terms of type I error rate and power performance. The Monte Carlo...

AbstractReferencesFull Text PDF (308 KB)Views: 420Downloads: 108Citations: 4
Open Access Research Article·pp. 1615–1634·Vol. 27, Issue 8Nov 2024

The role of emotional regulations and risk appetite on investment decision

Jibu P. Joseph

Published Online: 18 Dec 2024DOI: 10.47974/JSMS-1222

In this paper: An in-depth knowledge of the financial market and the factors which influence the financial market as well as investors is indispensable for an informed investment decision making. Behavioral finance...

AbstractReferencesFull Text PDF (1.2 MB)Views: 155Downloads: 73Citations: 0
Open Access Research Article·pp. 1657–1681·Vol. 27, Issue 8Nov 2024

A max-autoregressive process based on Marshall-Olkin new Pareto-type distribution

M. Shirozhan, A. Saadati Nik, A. Asgharzadeh, Hassan S. Bakouch, M. Mohammadpour

Published Online: 18 Dec 2024DOI: 10.47974/JSMS-1236

In this paper: A new autoregressive process with Marshall-Olkin new Pareto-type (MOPT) marginal distribution is recommended in this paper. The distribution of the extremes with closure property, estimation via the m...

AbstractReferencesFull Text PDF (682 KB)Views: 185Downloads: 57Citations: 1
Open Access Research Article·pp. 1683–1689·Vol. 27, Issue 8Nov 2024

Process variance setting and quality investment selection for modified traditional inventory model

Chung-Ho Chen, Tzu-Hsien Lee

Published Online: 18 Dec 2024DOI: 10.47974/JSMS-1240

In this paper: This work discusses inventory model based on EMQ, process variance, and parameters of inspection plan in the first step. Then the optimal quality investment for reducing process variance is determined...

AbstractReferencesFull Text PDF (165 KB)Views: 90Downloads: 61Citations: 0
Open Access Research Article·pp. 1691–1700·Vol. 27, Issue 8Nov 2024

Using the Bayesian method to estimate the exponential survival regression model for stomach cancer patients in Iraq

Ahmed Salam Mezher, Wadhah S. Ibrahim

Published Online: 18 Dec 2024DOI: 10.47974/JSMS-1268

In this paper: In this paper, we will rely on a probability distribution, which is the exponential distribution, to build a parametric survival regression model, which is the exponential survival regression model, r...

AbstractReferencesFull Text PDF (341 KB)Views: 180Downloads: 80Citations: 0
Open Access Research Article·pp. 1701–1712·Vol. 27, Issue 8Nov 2024

Improving cryptocurrency price prediction through advanced LSTM-based deep learning techniques

Rihab Qasim Abdulkadhim, Hasanen S. Abdullah, Mustafa Jasim Hadi

Published Online: 18 Dec 2024DOI: 10.47974/JSMS-1275

In this paper: One In the evolving financial market landscape, cryptocurrencies have seen a notable surge in investments. This study delves into the advancements in cryptocurrency price predictions using LSTM (Long...

AbstractReferencesFull Text PDF (464 KB)Views: 185Downloads: 69Citations: 0
Open Access Research Article·pp. 1713–1722·Vol. 27, Issue 8Nov 2024

Comparative analysis of medical knowledge and inferential capabilities of modern LLMs

Muhammad Badruddin Khan, Abdul Khader Jilani Saudagar

Published Online: 18 Dec 2024DOI: 10.47974/JSMS-1403

In this paper: This paper presents an evaluation of four large language models (LLMs)—GPT-4o, Claude-3.5-Sonnet, Gemini-1.5-Pro, and Llama-3.1-405B-T based on word problems that were formulated to check LLMs level o...

AbstractReferencesFull Text PDF (138 KB)Views: 150Downloads: 67Citations: 0
Open Access Research Article·pp. 1723–1732·Vol. 27, Issue 8Nov 2024

Optimizing sustainable urban transformation : Harnessing IoT integration for smart cities

Priti Sharma, Deepak Sharma, Rahul V. Anand, Arun Kumar Uttam, Govind Murari Upadhyay

Published Online: 18 Dec 2024DOI: 10.47974/JSMS-1401

In this paper: The widespread adoption of IoT is revolutionizing global cities, striving to optimize the development of sustainable smart cities through IoT integration into urban infrastructure. Various research me...

AbstractReferencesFull Text PDF (361 KB)Views: 252Downloads: 76Citations: 1
Open Access Research Article·pp. 1733–1741·Vol. 27, Issue 8Nov 2024

Designing a structured approach for consistency verification in AI systems for heartbeat disorder-related conversations

Muhammad Badruddin Khan, Abdul Khader Jilani Saudagar

Published Online: 18 Dec 2024DOI: 10.47974/JSMS-1402

In this paper: Large language models (LLMs) have shown mind-boggling question-answering capabilities. Most of their responses make one feel that they understand and remember context and are able to retrieve relevant...

AbstractReferencesFull Text PDF (567 KB)Views: 144Downloads: 47Citations: 0