Marginalized kernels for biological sequences

Size: px
Start display at page:

Download "Marginalized kernels for biological sequences"

Transcription

1 Marginalized kernels for biological sequences Koji Tsuda, Taishin Kin and Kiyoshi Asai AIST, Aomi Koto-ku, Tokyo, Japan Presented by Shihai Zhao May 8, 2014 Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

2 Overview 1 Introduction kernel functions hidden Markov model 2 Methods new kernel connections to the Fisher kernel 3 Results and Conclusion Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

3 kernel functions In kernel methods such as S.V.M., a kernel function should be determined a priori. Supervised learning Objective function is clear. Kernels are designed to optimize the function. Unsupervised learning The choice of kernel is subjective. It is determined to reflect the user s notion of similarity. Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

4 kernel functions for sequences Texts Count features, which represent the number of each symbol contained in a sequence Biological sequences Count does not work out of the box primary due to frequent context change Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

5 A DNA sequence with hidden context information. Suppose the hidden variable ( h ) indicates coding/noncoding regions. Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

6 New way to design a kernel Visible Hidden HMM Joint & Marginalized Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

7 HMM A hidden Markov model (HMM) is a statistical Markov model in which the system being modeled is assumed to be a Markov process with unobserved states. Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

8 Example of HMM A limited number of sequences whose structures are known. We want to train the four HMMs of secondary structures to make the prediction Helix Sheet Turn Other Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

9 block diagram Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

10 HMMs of secondary structures Combined HMM for prediction Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

11 marginalized kernel x, x X, h, h H, where H is a finite set. z = (x, h), z = (x, h ) K(x, x ) = h H p(h x)p(h x )K z (z, z ) h H p(x x) has to be estimated from the data. When the cardinality of H is too large, the calculation can be intractable. Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

12 marginalized kernel from Gaussian mixture K(x, x ) = p(h x)p(h x )x T A h x h H where A h is the inverse of covariance matrix. Distance in feature space D(x, x ) = K(x, x) + K(x, x ) 2K(x, x ) Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

13 marginalized count kernel Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

14 second-order marginalized count kernel Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

15 Definition of the Fisher kernel Assume a probabilistic model p(x θ) is defined on X, where θ is a parameter vector. Let ˆθ denote parameter values which are obtained by some learning algorithm. Then the Fisher kernel between two objects is defined as K f (x, x ) = s(x, ˆθ) T Z 1 (ˆθ)s(x, ˆθ) where s is the Fisher score s(x, ˆθ) := θ log p(x ˆθ) and Z is the Fisher information matrix Z(ˆθ) = x X p(x ˆθ)s(x, ˆθ)s(x, ˆθ) T Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

16 Fisher kernel from latent variable models the Fisher score is described as θ log p(x ˆθ) = h H θp(x, h ˆθ) p(x ˆθ) = h H p(x, h ˆθ) θ p(x, h ˆθ) p(x ˆθ) p(x, h ˆθ) = h H p(h x, ˆθ) θ p(x, h ˆθ) Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

17 The Fisher kernel is described as a marginalized kernel K f (x, x ) = θ p(x ˆθ) T Z(ˆθ) 1 θ p(x ˆθ) = p(h x, ˆθ)p(h x, ˆθ)K z (z, z ) h H h H where the joint kernel is K z (z, z ) = θ p(x, h ˆθ) T Z(ˆθ) 1 θ p(x, h ˆθ) Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

18 experiment settings 84 amino acid sequences from 5 genera in Actinobacteria The number of sequences in each genus is listed as 9,32,15,14,14 Pairwise identity is 62%-99% BLAST scores cannot directly be converted to kernels Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

19 Two kinds of experiments clustering and supervised classification are performed on the following kernels: CK1: Count kernel CK2: Second-order count kernel FK: Fisher kernel MCK1: Marginalized count kernel MCK2: Second-order marginalized count kernel Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

20 clustering result Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

21 classification result Genera 1 and 2 are not used because they can be seperated easily by all kernels. We do one vs one for the rest three. Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

22 effect of HMM states Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

23 conclusion Fisher kernel is a special case of MCK. second-order kernels perform better than first-order kernels number of HMM states effect Koji Tsuda, Taishin Kin and Kiyoshi Asai Marginalized kernels May 8, / 23

Hedonic Pricing Model Open Space and Residential Property Values

Hedonic Pricing Model Open Space and Residential Property Values Hedonic Pricing Model Open Space and Residential Property Values Open Space vs. Urban Sprawl Zhe Zhao As the American urban population decentralizes, economic growth has resulted in loss of open space.

More information

RoboCup Challenges. Robotics. Simulation League Small League Medium-sized League (less interest) SONY Legged League Humanoid League

RoboCup Challenges. Robotics. Simulation League Small League Medium-sized League (less interest) SONY Legged League Humanoid League Robotics (c) 2003 Thomas G. Dietterich 1 RoboCup Challenges Simulation League Small League Medium-sized League (less interest) SONY Legged League Humanoid League (c) 2003 Thomas G. Dietterich 2 Small League

More information

Housing market and finance

Housing market and finance Housing market and finance Q: What is a market? A: Let s play a game Motivation THE APPLE MARKET The class is divided at random into two groups: buyers and sellers Rules: Buyers: Each buyer receives a

More information

Cube Land integration between land use and transportation

Cube Land integration between land use and transportation Cube Land integration between land use and transportation T. Vorraa Director of International Operations, Citilabs Ltd., London, United Kingdom Abstract Cube Land is a member of the Cube transportation

More information

CHANGE IN VALUE ALTERATIONS MADE OCCUPANCY CHANGES

CHANGE IN VALUE ALTERATIONS MADE OCCUPANCY CHANGES INTRODUCTION This assignment is based on a residential house situated on 104 Rochester Road in Salt River, Cape Town. The house has an erf size of 238m 2 and floor size 350.82 m 2 with two storeys. The

More information

Online Appendix "The Housing Market(s) of San Diego"

Online Appendix The Housing Market(s) of San Diego Online Appendix "The Housing Market(s) of San Diego" Tim Landvoigt, Monika Piazzesi & Martin Schneider January 8, 2015 A San Diego County Transactions Data In this appendix we describe our selection of

More information

TOOLS TO BALANCE SUPPLY. Rail~Volution October 22, 2013 Dan Bertolet VIA Architecture and Planning

TOOLS TO BALANCE SUPPLY. Rail~Volution October 22, 2013 Dan Bertolet VIA Architecture and Planning TOOLS TO BALANCE SUPPLY Rail~Volution October 22, 2013 Dan Bertolet VIA Architecture and Planning OUR PROJECT Optimize parking in multifamily buildings Best practices research Parking utilization surveys

More information

Estimating the Value of Foregone Rights on Land. A Working Paper Prepared for the Vermillion River Watershed Joint Powers Organization 1.

Estimating the Value of Foregone Rights on Land. A Working Paper Prepared for the Vermillion River Watershed Joint Powers Organization 1. . Estimating the Value of Foregone Rights on Land A Working Paper Prepared for the Vermillion River Watershed Joint Powers Organization 1 July 2008 Yoshifumi Konishi Department of Applied Economics University

More information

Modeling of Geographic Dependencies for Real Estate Ranking

Modeling of Geographic Dependencies for Real Estate Ranking xx Modeling of Geographic Dependencies for Real Estate Ranking YANJIE FU, Missouri University of Science and Technology Email: yanjiefoo@gmail.com HUI XIONG, Rutgers University Email: hxiong@rutgers.edu

More information

DATA APPENDIX. 1. Census Variables

DATA APPENDIX. 1. Census Variables DATA APPENDIX 1. Census Variables House Prices. This section explains the construction of the house price variable used in our analysis, based on the self-report from the restricted-access version of the

More information

Scores for Valuation Reports: Appraisal Score & BPO Score. White Paper. White Paper APRIL 2012

Scores for Valuation Reports: Appraisal Score & BPO Score. White Paper. White Paper APRIL 2012 Scores for Valuation Reports: Appraisal Score & BPO Score White Paper APRIL 2012 White Paper Table of Contents Overview... 3 Generally Accepted Appraisal Rules... 3 Development of Rules... 3 Coding of

More information

Empirical estimates of economies of scale in the provision

Empirical estimates of economies of scale in the provision Economies of Scale in Property Tax Assessment Economies of Scale in Property Tax Assessment Abstract - We estimate the costs of performing property tax assessments using a translog cost function over a

More information

Procedures Used to Calculate Property Taxes for Agricultural Land in Mississippi

Procedures Used to Calculate Property Taxes for Agricultural Land in Mississippi No. 1350 Information Sheet June 2018 Procedures Used to Calculate Property Taxes for Agricultural Land in Mississippi Stan R. Spurlock, Ian A. Munn, and James E. Henderson INTRODUCTION Agricultural land

More information

Journal of Babylon University/Engineering Sciences/ No.(5)/ Vol.(25): 2017

Journal of Babylon University/Engineering Sciences/ No.(5)/ Vol.(25): 2017 Developing a Relationship Between Land Use and Parking Demand for The Center of The Holy City of Karbala Zahraa Kadhim Neamah Shakir Al-Busaltan Zuhair Al-jwahery University of Kerbala, College of Engineering

More information

F o r e c l o s u r e s, R e t u r n s, a n d B u y e r I n t e n t i o n s

F o r e c l o s u r e s, R e t u r n s, a n d B u y e r I n t e n t i o n s F o r e c l o s u r e s, R e t u r n s, a n d B u y e r I n t e n t i o n s A u t h o r Herman Donner A b s t r a c t Using data from Stockholm, Sweden, I examine whether foreclosed properties are sold

More information

SAS at Los Angeles County Assessor s Office

SAS at Los Angeles County Assessor s Office SAS at Los Angeles County Assessor s Office WUSS 2015 Educational Forum and Conference Anthony Liu, P.E. September 9-11, 2015 Los Angeles County Assessor s Office in 2015 Oversees 4,083 square miles of

More information

Backyarding: Theory and Evidence for South Africa

Backyarding: Theory and Evidence for South Africa Backyarding: Theory and Evidence for South Africa by Jan K. Brueckner University of California, Irvine Claus Rabe Independent Consultant, Cape Town, South Africa Harris Selod The World Bank, Washington,

More information

A NOMINAL ASSET VALUE-BASED APPROACH FOR LAND READJUSTMENT AND ITS IMPLEMENTATION USING GEOGRAPHICAL INFORMATION SYSTEMS

A NOMINAL ASSET VALUE-BASED APPROACH FOR LAND READJUSTMENT AND ITS IMPLEMENTATION USING GEOGRAPHICAL INFORMATION SYSTEMS A NOMINAL ASSET VALUE-BASED APPROACH FOR LAND READJUSTMENT AND ITS IMPLEMENTATION USING GEOGRAPHICAL INFORMATION SYSTEMS by Tahsin YOMRALIOGLU B.Sc., M.Sc. A thesis submitted for the Degree of Doctor of

More information

Housing Price Prediction Using Search Engine Query Data. Qian Dong Research Institute of Statistical Sciences of NBS Oct. 29, 2014

Housing Price Prediction Using Search Engine Query Data. Qian Dong Research Institute of Statistical Sciences of NBS Oct. 29, 2014 Housing Price Prediction Using Search Engine Query Data Qian Dong Research Institute of Statistical Sciences of NBS Oct. 29, 2014 Outline Background Analysis of Theoretical Framework Data Description The

More information

Small-Tract Mineral Owners vs. Producers: The Unintended Consequences of Well-Spacing Exceptions

Small-Tract Mineral Owners vs. Producers: The Unintended Consequences of Well-Spacing Exceptions Small-Tract Mineral Owners vs. Producers: The Unintended Consequences of Well-Spacing Exceptions Reid Stevens Texas A&M University October 25, 2016 Introduction to Well Spacing Mineral rights owners in

More information

A Real-Option Based Dynamic Model to Simulate Real Estate Developer Behavior

A Real-Option Based Dynamic Model to Simulate Real Estate Developer Behavior 223-Paper A Real-Option Based Dynamic Model to Simulate Real Estate Developer Behavior Mi Diao, Xiaosu Ma and Joseph Ferreira, Jr. Abstract Real estate developers are facing a dynamic and volatile market

More information

Univalent multisets. V through the eyes of the identity type. Håkon Robbestad Gylterud. August 2014

Univalent multisets. V through the eyes of the identity type. Håkon Robbestad Gylterud. August 2014 Univalent multisets V through the eyes of the identity type Håkon Robbestad Gylterud August 2014 Håkon Robbestad Gylterud Univalent multisets Stockholm University 1 / 25 Outline of the talk 1 Present common

More information

Water Use in the Multi family Housing Sector. Jack C. Kiefer, Ph.D. Lisa R. Krentz

Water Use in the Multi family Housing Sector. Jack C. Kiefer, Ph.D. Lisa R. Krentz Water Use in the Multi family Housing Sector Jack C. Kiefer, Ph.D. Lisa R. Krentz Presentation Overview Background on WRF 4554 Data sources Water use comparisons Examples of modeling variability in water

More information

The Analytic Hierarchy Process. M. En C. Eduardo Bustos Farías

The Analytic Hierarchy Process. M. En C. Eduardo Bustos Farías The Analytic Hierarchy Process M. En C. Eduardo Bustos Farías Outline of Lecture Summary MADM ranking methods Examples Analytic Hierarchy Process (AHP) Examples pairwise comparisons normalization consistency

More information

Package deamer. February 19, 2015

Package deamer. February 19, 2015 Type Package Package deamer February 19, 2015 Title Deconvolution density estimation with adaptive methods for a variable prone to measurement error Version 1.0 Date 2012-07-03 Author Julien Stirnemann,

More information

Step-by-Step Guide for Configuring and Implementing SAP REFX

Step-by-Step Guide for Configuring and Implementing SAP REFX CHAPTER 10 Step-by-Step Guide for Configuring and Implementing SAP REFX In this chapter we will provide a complete business scenario for REFX, with a step-by-step guide for configuring the system. We will

More information

The Proposal of Cadastral Value Determination Based on Artificial Intelligence

The Proposal of Cadastral Value Determination Based on Artificial Intelligence The Proposal of Cadastral Value Determination Based on Artificial Intelligence Jarosław BYDŁOSZ, Piotr CICHOCIŃSKI, Piotr PARZYCH, Poland Key words: neural network, artificial intelligence, cadastral value,

More information

PropTech for Proactive Pricing of Houses in Classified Advertisements in the Indian Real Estate Market Sayan Putatunda

PropTech for Proactive Pricing of Houses in Classified Advertisements in the Indian Real Estate Market Sayan Putatunda PropTech for Proactive Pricing of Houses in Classified Advertisements in the Indian Real Estate Market Sayan Putatunda Member, IEEE Abstract Property Technology (PropTech) is the next big thing that is

More information

The survey also examines the underlying causes of FVM and impairment audit

The survey also examines the underlying causes of FVM and impairment audit Acuitas, Inc. s Survey of Fair Value Audit April 20122 Executive Summary Public Company Accounting Oversight Board (PCAOB) inspections have noted a dramatic increase in the number of fair value measurement

More information

Navigating the New Lease Accounting Standards for Audit Advisers Preparing Clients for the Transition to the Joint Project Lease Reporting

Navigating the New Lease Accounting Standards for Audit Advisers Preparing Clients for the Transition to the Joint Project Lease Reporting Navigating the New Lease Accounting Standards for Audit Advisers Preparing Clients for the Transition to the Joint Project Lease Reporting TUESDAY, JANUARY 12, 2016, 1:00-2:50 pm Eastern IMPORTANT INFORMATION

More information

Purpose of this Study

Purpose of this Study On the Impact of Existing and Future Apartment Complexes on the Stoughton Public School District By Erdem A. Ural, Ph.D. Slide 1 Purpose of this Study Reliable data necessary to project how many students

More information

Delivering return on investment in Rental management and processing within the supply chain

Delivering return on investment in Rental management and processing within the supply chain Fact Sheet Rental for Microsoft Dynamics NAV Highlights Easy to manage items and rentals Flexible pricing set up by customer and rental item Consistent contract management Rent, buy or sell in the same

More information

The Improved Net Rate Analysis

The Improved Net Rate Analysis The Improved Net Rate Analysis A discussion paper presented at Massey School Seminar of Economics and Finance, 30 October 2013. Song Shi School of Economics and Finance, Massey University, Palmerston North,

More information

Land-Use Regulation in India and China

Land-Use Regulation in India and China Land-Use Regulation in India and China Jan K. Brueckner UC Irvine 3rd Urbanization and Poverty Reduction Research Conference February 1, 2016 Introduction While land-use regulation is widespread in the

More information

Strategic Study and Dynamics Decision for Development Program of City Housing

Strategic Study and Dynamics Decision for Development Program of City Housing Strategic Study and Dynamics Decision for Development Program of City Housing FENG Xiwen, LU Fujun, WANG Xinhua College of Resource and Environment Engineering Shandong University of Science and Technology

More information

CFPB Implementation of Parcels Provision in HMDA Under Dodd-Frank

CFPB Implementation of Parcels Provision in HMDA Under Dodd-Frank CFPB Implementation of Parcels Provision in HMDA Under Dodd-Frank Land ownership is the foundation of the financial, legal, and real estate systems in our society Parcel Data vs. Census Data + Census data

More information

A Note on the Efficiency of Indirect Taxes in an Asymmetric Cournot Oligopoly

A Note on the Efficiency of Indirect Taxes in an Asymmetric Cournot Oligopoly Submitted on 16/Sept./2010 Article ID: 1923-7529-2011-01-53-07 Judy Hsu and Henry Wang A Note on the Efficiency of Indirect Taxes in an Asymmetric Cournot Oligopoly Judy Hsu Department of International

More information

On the Choice of Tax Base to Reduce. Greenhouse Gas Emissions in the Context of Electricity. Generation

On the Choice of Tax Base to Reduce. Greenhouse Gas Emissions in the Context of Electricity. Generation On the Choice of Tax Base to Reduce Greenhouse Gas Emissions in the Context of Electricity Generation by Rob Fraser Professor of Agricultural Economics Imperial College London Wye Campus and Adjunct Professor

More information

Neighborhood Price Externalities of Foreclosure Rehabilitation: An Examination of the 1 / Neigh 29. Program

Neighborhood Price Externalities of Foreclosure Rehabilitation: An Examination of the 1 / Neigh 29. Program Neighborhood Price Externalities of Foreclosure Rehabilitation: An Examination of the Neighborhood Stabilization Program Tammy Leonard 1, Nikhil Jha 2 & Lei Zhang 3 1 University of Dallas, 2 Melbourne

More information

The Relationship Between Micro Spatial Conditions and Behaviour Problems in Housing Areas: A Case Study of Vandalism

The Relationship Between Micro Spatial Conditions and Behaviour Problems in Housing Areas: A Case Study of Vandalism The Relationship Between Micro Spatial Conditions and Behaviour Problems in Housing Areas: A Case Study of Vandalism Dr. Faisal Hamid, RIBA Hamid Associates, Architecture and Urban Design Consultants Baghdad,

More information

Appendix to Forced Sales and House Prices

Appendix to Forced Sales and House Prices Appendix to Forced Sales and House Prices This appendix contains four parts: A. Regression specifications B. Data appendix C. Guide to appendix figures and tables D. Appendix figures and tables A. Regression

More information

Overview of OR Modeling Approach & Introduction to Linear Programming

Overview of OR Modeling Approach & Introduction to Linear Programming Overview of OR Modeling Approach & Introduction to Linear Programming M. En C. Eduardo Bustos Farías 1 What is Operations Research? A field of study that uses computers, statistics, and mathematics to

More information

An Econometric Analysis of Land Development with Endogenous Zoning

An Econometric Analysis of Land Development with Endogenous Zoning 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 Land Economics, 87(3): 412-432. 2011. An Econometric Analysis of Land Development with

More information

A study on the correlation between resting-state functional connectivity and intrinsic neuronal activity of stochastic neural network models

A study on the correlation between resting-state functional connectivity and intrinsic neuronal activity of stochastic neural network models A study on the correlation between resting-state functional connectivity and intrinsic neuronal activity of stochastic neural network models Karina Yuriko Yaginuma Antonio Roque, Marcel de Reus, Martijn

More information

CREATING A ROOM BASE

CREATING A ROOM BASE CREATING A ROOM BASE You will learn: 1. How to create rooms and room groups 2. How to enter your room inventory 3. How to use advanced room settings 1. How to create rooms Creating rooms step by step:

More information

Financial Computer Systems Inc. (203)

Financial Computer Systems Inc.  (203) Introduction to ASC 842 and EZLease Financial Computer Systems Inc. www.ezlease.net (203) 652-1375 The road to ASC 842 Begun in July 2006; joint project of FASB & IASB Primary purpose: Put lessee operating

More information

VALUATING RESIDENTIAL REAL ESTATE USING PARAMETRIC PROGRAMMING

VALUATING RESIDENTIAL REAL ESTATE USING PARAMETRIC PROGRAMMING VALUATING RESIDENTIAL REAL ESTATE USING PARAMETRIC PROGRAMMING Subhash C. Narula Virginia Commonwealth University Richmond, Virginia 23284-4000 USA E-mail: snarula@vcu.edu John F. Wellington Richard T.

More information

The agent-based modeling approach to MFM: A call to join forces

The agent-based modeling approach to MFM: A call to join forces The agent-based modeling approach to MFM: A call to join forces Macroeconomic Financial Modeling meeting Sept. 14, 2012, New York City J. Doyne Farmer Mathematics Department and Institute for New Economic

More information

Basic Appraisal Procedures

Basic Appraisal Procedures Hondros Learning Basic Appraisal Procedures Timed Outline Topic Area Reference(s) Learning Objectives The student will be able to identify and/or apply: Teaching Method Time Segment (Minutes) Day 1 Chapter

More information

2016 Masters project 141 Cracking the Voynich manuscript code

2016 Masters project 141 Cracking the Voynich manuscript code 2016 Masters project 141 Cracking the Voynich manuscript code Supervisors: Prof. Derek Abbott Dr. Brian Ng Students: Ruihang Feng (a1674940) Yaxin Hu (a1672395) Adelaide.edu.au 2016.10.31 Seek Light Outline

More information

Understanding the AOFC. Reporting for 2015

Understanding the AOFC. Reporting for 2015 Texas Department of Housing and Community Affairs Click to edit Master text styles Second level Third level Understanding the AOFC Fourth level Reporting for 2015 Fifth level 1 1 The Basics The Annual

More information

Leases. (a) the lease transfers ownership of the asset to the lessee by the end of the lease term.

Leases. (a) the lease transfers ownership of the asset to the lessee by the end of the lease term. Leases 1.1. Classification of leases A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. A lease is classified as an operating lease

More information

Florenz Plassmann DOCTOR OF PHILOSOPHY. Economics. Approved: T.N. Tideman, Chairman. R. Ashley J. Christman. C.Michalopoulos S.

Florenz Plassmann DOCTOR OF PHILOSOPHY. Economics. Approved: T.N. Tideman, Chairman. R. Ashley J. Christman. C.Michalopoulos S. THE IMPACT OF TWO-RATE TAXES ON CONSTRUCTION IN PENNSYLVANIA by Florenz Plassmann Dissertation submitted to the Faculty of the Virginia Polytechnic Institute and State University in partial fulfillment

More information

Chapter 1. Introduction: Some Representative Problems. CS 350: Winter 2018

Chapter 1. Introduction: Some Representative Problems. CS 350: Winter 2018 Chapter 1 Introduction: Some Representative Problems CS 350: Winter 2018 1 0.1 Prologue Books and Algorithms 1448: Gutenberg invention of printing press 600: Invention of decimal system (India) Gives compact

More information

The purpose of the appraisal was to determine the value of this six that is located in the Town of St. Mary s.

The purpose of the appraisal was to determine the value of this six that is located in the Town of St. Mary s. The purpose of the appraisal was to determine the value of this six that is located in the Town of St. Mary s. The subject property was originally acquired by Michael and Bonnie Etta Mattiussi in August

More information

The Effect of Relative Size on Housing Values in Durham

The Effect of Relative Size on Housing Values in Durham TheEffectofRelativeSizeonHousingValuesinDurham 1 The Effect of Relative Size on Housing Values in Durham Durham Research Paper Michael Ni TheEffectofRelativeSizeonHousingValuesinDurham 2 Introduction Real

More information

Certified Corporate Financial Planning & Analysis Professional (Cert FP&A): Preparation Course Part 1

Certified Corporate Financial Planning & Analysis Professional (Cert FP&A): Preparation Course Part 1 Certified Corporate Financial Planning & Analysis Professional (Cert FP&A): Preparation Course Part 1 Page 1 of 12 Why Attend In today's world, there is more importance given to financial planning and

More information

Hedonic Regression Models for Tokyo Condominium Sales

Hedonic Regression Models for Tokyo Condominium Sales 1 Hedonic Regression Models for Tokyo Condominium Sales by Erwin Diewert University of British Columbia (Presentation by Chihiro Shimizu, Nihon University) Hitotsubashi-RIETI International Workshop on

More information

In several chapters we have discussed goodness-of-fit tests to assess the

In several chapters we have discussed goodness-of-fit tests to assess the The Basics of Financial Econometrics: Tools, Concepts, and Asset Management Applications. Frank J. Fabozzi, Sergio M. Focardi, Svetlozar T. Rachev and Bala G. Arshanapalli. 2014 John Wiley & Sons, Inc.

More information

NBER WORKING PAPER SERIES TESTING FOR INFORMATION ASYMMETRIES IN REAL ESTATE MARKETS. Pablo Kurlat Johannes Stroebel

NBER WORKING PAPER SERIES TESTING FOR INFORMATION ASYMMETRIES IN REAL ESTATE MARKETS. Pablo Kurlat Johannes Stroebel NBER WORKING PAPER SERIES TESTING FOR INFORMATION ASYMMETRIES IN REAL ESTATE MARKETS Pablo Kurlat Johannes Stroebel Working Paper 19875 http://www.nber.org/papers/w19875 NATIONAL BUREAU OF ECONOMIC RESEARCH

More information

Sales Concessions in the US Housing Market

Sales Concessions in the US Housing Market J Real Estate Finan Econ DOI 10.1007/s11146-016-9592-x Sales Concessions in the US Housing Market Darren K. Hayunga 1 # Springer Science+Business Media New York 2016 Abstract This article examines the

More information

Ad-valorem and Royalty Licensing under Decreasing Returns to Scale

Ad-valorem and Royalty Licensing under Decreasing Returns to Scale Ad-valorem and Royalty Licensing under Decreasing Returns to Scale Athanasia Karakitsiou 2, Athanasia Mavrommati 1,3 2 Department of Business Administration, Educational Techological Institute of Serres,

More information

Gregory W. Huffman. Working Paper No. 01-W22. September 2001 DEPARTMENT OF ECONOMICS VANDERBILT UNIVERSITY NASHVILLE, TN 37235

Gregory W. Huffman. Working Paper No. 01-W22. September 2001 DEPARTMENT OF ECONOMICS VANDERBILT UNIVERSITY NASHVILLE, TN 37235 DO VALUES OF EXISTING HOME SALES REFLECT PROPERTY VALUES? by Gregory W. Huffman Working Paper No. 01-W September 001 DEPARTMENT OF ECONOMICS VANDERBILT UNIVERSITY NASHVILLE, TN 3735 www.vanderbilt.edu/econ

More information

New Methodology for Constructing Real Estate Price Indices Applied to the Singapore Residential Market

New Methodology for Constructing Real Estate Price Indices Applied to the Singapore Residential Market New Methodology for Constructing Real Estate Price Indices Applied to the Singapore Residential Market Liang Jiang Singapore Management University Peter C.B. Phillips Yale University, University of Auckland,

More information

Journal of Business & Economics Research Volume 1, Number 9

Journal of Business & Economics Research Volume 1, Number 9 Property Value, User Cost, and Rent: An Investigation of the Residential Property Market in Hong Kong Ying-Foon Chow (E-mail: yfchow@baf.msmail.cuhk.edu.hk), Chinese University of Hong Kong, China Nelson

More information

A SUBMISSION FROM THE GLOBAL SHIPPERS FORUM. TO THE INFORMATION NOTE Issued by the Directorate General for Competition 29 th September, 2006

A SUBMISSION FROM THE GLOBAL SHIPPERS FORUM. TO THE INFORMATION NOTE Issued by the Directorate General for Competition 29 th September, 2006 A SUBMISSION FROM THE GLOBAL SHIPPERS FORUM TO THE INFORMATION NOTE Issued by the Directorate General for Competition 29 th September, 2006 INTRODUCTION Formerly known as the Tripartite Shippers Group,

More information

Waverley Elementary School Feasibility Study

Waverley Elementary School Feasibility Study Waverley Elementary School Feasibility Study FREDERICK COUNTY PUBLIC SCHOOLS Feasibility Study Meeting #6 January 18, 2018 1 AGENDA 1. PROJECT OVERVIEW schedule 2. 1/11 COMMUNITY MEETING recap of Community

More information

FASB/IASB Update Part II

FASB/IASB Update Part II American Accounting Association FASB/IASB Update Part II Tom Linsmeier FASB Member August 3, 2014 The views expressed in this presentation are those of the presenters. Official positions of the FASB/IASB

More information

Accepted Manuscript. New Methodology for Constructing Real Estate Price Indices Applied to the Singapore Residential Market

Accepted Manuscript. New Methodology for Constructing Real Estate Price Indices Applied to the Singapore Residential Market Accepted Manuscript New Methodology for Constructing Real Estate Price Indices Applied to the Singapore Residential Market Liang Jiang, Peter C.B. Phillips, Jun Yu PII: S0378-4266(15)00237-X DOI: http://dx.doi.org/10.1016/j.jbankfin.2015.08.026

More information

Assessing the Market Value of Real Estate Property with a Geographically Weighted Stochastic Frontier Model

Assessing the Market Value of Real Estate Property with a Geographically Weighted Stochastic Frontier Model 2008 V36 4: pp. 717 751 REAL ESTATE ECONOMICS Assessing the Market Value of Real Estate Property with a Geographically Weighted Stochastic Frontier Model Stephen A. Samaha and Wagner A. Kamakura In this

More information

Working in the Appraisal Firewall Relationships Screen

Working in the Appraisal Firewall Relationships Screen Working in the Appraisal Firewall Relationships Screen User Training Guide for Managers The Relationships window is your guide to manage your clients accounts, work within their orders, and oversee all

More information

A Brief Overview of H-GAC s Regional Growth Forecast Methodology

A Brief Overview of H-GAC s Regional Growth Forecast Methodology A Brief Overview of H-GAC s Regional Growth Forecast Methodology -Houston-Galveston Area Council Email: forecast@h-gac.com Data updated; November 8, 2017 Introduction H-GAC releases an updated forecast

More information

Measuring Urban Commercial Land Value Impacts of Access Management Techniques

Measuring Urban Commercial Land Value Impacts of Access Management Techniques Jamie Luedtke, Plazak 1 Measuring Urban Commercial Land Value Impacts of Access Management Techniques Jamie Luedtke Federal Highway Administration 105 6 th Street Ames, IA 50010 Phone: (515) 233-7300 Fax:

More information

Vol 2016, No.14. Abstract

Vol 2016, No.14. Abstract Modelling Irish Rents: Recent Developments in Historical Context Gerard Kennedy, Lisa Sheenan & Maria Woods 1 Economic Letter Series Vol 2016, No.14 Abstract In recent years Ireland experienced strong

More information

Entry and Inefficiency in the Real Estate Brokerage Industry

Entry and Inefficiency in the Real Estate Brokerage Industry Entry and Inefficiency in the Real Estate Brokerage Industry Lu Han University of Toronto lu.han@rotman.utoronto.ca Seung-Hyun Hong University of Illinois hyunhong@uiuc.edu October 1, 2007 Preliminary

More information

STAT 200. Guided Exercise 8 ANSWERS

STAT 200. Guided Exercise 8 ANSWERS STAT 200 Guided Exercise 8 ANSWERS For On- Line Students, be sure to: Key Topics Submit your answers in a Word file to Sakai at the same place you downloaded the file Remember you can paste any Excel or

More information

UNDERSTANDING DEVELOPER S DECISION- MAKING IN THE REGION OF WATERLOO

UNDERSTANDING DEVELOPER S DECISION- MAKING IN THE REGION OF WATERLOO UNDERSTANDING DEVELOPER S DECISION- MAKING IN THE REGION OF WATERLOO SUMMARY OF RESULTS J. Tran PURPOSE OF RESEARCH To analyze the behaviours and decision-making of developers in the Region of Waterloo

More information

Damage Measures for Inadvertant Breach of Contract

Damage Measures for Inadvertant Breach of Contract Damage Measures for Inadvertant Breach of Contract LUCIAN ARYE BEBCHUK Harvard Law School, Cambridge, Massachusetts, USA E-mail: bebchuk@law.harvard.edu and I.P.L. PNG National University of Singapore,

More information

Special Report. Australia s Cheapest Suburbs with the Greatest Potential for Capital Growth. For more reports head to

Special Report. Australia s Cheapest Suburbs with the Greatest Potential for Capital Growth. For more reports head to Special Report Australia s Cheapest Suburbs with the Greatest Potential for Capital Growth Market: Australia Compilation date: May 2013 Created by: Redwerks Pty Ltd Contact: 1300 200 340 For more reports

More information

MEASURING THE IMPACT OF INTEREST RATE ON HOUSING DEMAND

MEASURING THE IMPACT OF INTEREST RATE ON HOUSING DEMAND National Housing Conference, October 2005 MEASURING THE IMPACT OF INTEREST RATE ON HOUSING DEMAND Author / Presenter: Email: Min Hua Zhao, Stephen Whelan mzha0816@mail.usyd.edu.au Abstract: The housing

More information

Oil & Gas Lease Auctions: An Economic Perspective

Oil & Gas Lease Auctions: An Economic Perspective Oil & Gas Lease Auctions: An Economic Perspective March 15, 2010 Presented by: The Florida Legislature Office of Economic and Demographic Research 850.487.1402 http://edr.state.fl.us Bidding for Oil &

More information

Section 5 SERVICE EXTENSIONS Electric Tariff 1 st Revised Sheet No. 15 Filed with Iowa Utilities Board Cancels Original Sheet No.

Section 5 SERVICE EXTENSIONS Electric Tariff 1 st Revised Sheet No. 15 Filed with Iowa Utilities Board Cancels Original Sheet No. Electric Tariff 1 st Revised Sheet No. 15 Section 5 Extension of Primary, Secondary, and Service Lines (20.2(4) k) & (20.2(4) w) & (20.3(13) 5.1 General This section applies to any extension of the Cooperative

More information

Prediction of House Unit Price in Taipei City Using Support Vector Regression

Prediction of House Unit Price in Taipei City Using Support Vector Regression Prediction of House Unit Price in Taipei City Using Support Vector Regression Tse-Wei Lee Department of Industrial Engineering and Management Ming Chi University of Technology, New Taipei City, Taiwan

More information

4 STEPS TO COMPLIANCE THE NEW FASB/IASB LEASE ACCOUNTING GUIDE

4 STEPS TO COMPLIANCE THE NEW FASB/IASB LEASE ACCOUNTING GUIDE 4 STEPS TO COMPLIANCE THE NEW FASB/IASB LEASE ACCOUNTING GUIDE 4 Steps to Compliance: The New FASB/IASB Lease Accounting Guide INTRO Under the new FASB and IASB lease accounting guidelines, companies will

More information

Waiting for Affordable Housing in NYC

Waiting for Affordable Housing in NYC Waiting for Affordable Housing in NYC Holger Sieg University of Pennsylvania and NBER Chamna Yoon KAIST October 16, 2018 Affordable Housing Policies Affordable housing policies are increasingly popular

More information

Editorial Manager(tm) for Environmental and Resource Economics Manuscript Draft

Editorial Manager(tm) for Environmental and Resource Economics Manuscript Draft Editorial Manager(tm) for Environmental and Resource Economics Manuscript Draft Manuscript Number: Title: A Hedonic Analysis of Environmental Zoning: Lake Classification in Vilas County, Wisconsin Article

More information

Table of Contents SECTION 1. Overview... ix. Course Schedule... xiii. Introduction. Part 1. Introduction to the Income Capitalization Approach

Table of Contents SECTION 1. Overview... ix. Course Schedule... xiii. Introduction. Part 1. Introduction to the Income Capitalization Approach Table of Contents Overview... ix Course Schedule... xiii SECTION 1 Introduction Part 1. Introduction to the Income Capitalization Approach Preview Part 1... 1 Market Value... 3 Anticipation and Other Relevant

More information

The (In)efficiency of Share-Tenancy Revisited: Evidence from Pakistan

The (In)efficiency of Share-Tenancy Revisited: Evidence from Pakistan The (In)efficiency of Share-Tenancy Revisited: Evidence from Pakistan Hanan G. Jacoby Ghazala Mansuri January 2004 (very preliminary; please do not cite) Abstract Sharecropping has long fascinated economists,

More information

CHOICE BASED LETTING (CBL) HOW TO USE THE CBL SYSTEM

CHOICE BASED LETTING (CBL) HOW TO USE THE CBL SYSTEM CHOICE BASED LETTING (CBL) HOW TO USE THE CBL SYSTEM A new system to help people on Cork County Council s Social Housing Support waiting list express interest in Council Accommodation Phoneline: (021)

More information

IHS Regional Housing Market Segmentation Analysis

IHS Regional Housing Market Segmentation Analysis REPORT IHS Regional Housing Market Segmentation Analysis June, 2017 INSTITUTE FOR HOUSING STUDIES AT DEPAUL UNIVERSITY HOUSINGSTUDIES.ORG IHS Regional Housing Market Segmentation Analysis June 2017 Using

More information

Sorting based on amenities and income

Sorting based on amenities and income Sorting based on amenities and income Mark van Duijn Jan Rouwendal m.van.duijn@vu.nl Department of Spatial Economics (Work in progress) Seminar Utrecht School of Economics 25 September 2013 Projects o

More information

Low cost cadastral updating approach: an alternative for the Brazilian cities

Low cost cadastral updating approach: an alternative for the Brazilian cities FIG WORKING WEEK 008 Integrating Generations Low cost cadastral updating approach: an alternative for the Brazilian cities Guilherme Henrique Barros de Souza Amilton Amorim Julio Kiyoshi Hasegawa Introduction

More information

New Models for Property Data Verification and Valuation

New Models for Property Data Verification and Valuation New Models for Property Data Verification and Valuation for 2006 IAAO Councils and Sections Joint Seminar May 9-11, 2006 Charleston, South Carolina Presented by George Donatello, CMS Principal Consultant

More information

Click to edit Master title style REVENUE RECOGNITION Understanding the New Revenue Recognition Standard ASC 606

Click to edit Master title style REVENUE RECOGNITION Understanding the New Revenue Recognition Standard ASC 606 Click to edit Master title style REVENUE RECOGNITION Understanding the New Revenue Recognition Standard ASC 606 9/7/2017 0 Agenda Overview of ASC 606 Review of the five-step process Accounting for contract

More information

The Price Elasticity of the Demand for Residential Land: Estimation and Implications of Tax Code-Related Subsidies on Urban Form

The Price Elasticity of the Demand for Residential Land: Estimation and Implications of Tax Code-Related Subsidies on Urban Form The Price Elasticity of the Demand for Residential Land: Estimation and Implications of Tax Code-Related Subsidies on Urban Form Joseph Gyourko and Richard Voith 1999 Lincoln Institute of Land Policy Working

More information

LEASES & HOT TOPICS PRESENTED BY: JASON MYERS & BRYAN CALLAHAN

LEASES & HOT TOPICS PRESENTED BY: JASON MYERS & BRYAN CALLAHAN LEASES & HOT TOPICS PRESENTED BY: JASON MYERS & BRYAN CALLAHAN LEASES PROJECT Summary of Key Changes & Impact 2 KEY CHANGES Lessee (the contractor usually) Requires recognition of most leases on their

More information

CFA UK response to the Exposure Draft on Leases

CFA UK response to the Exposure Draft on Leases David Humphreys Practice Fellow International Accounting Standards Board 30 Cannon Street London EC4M 6XH 20 th December 2010 Dear David, Thank you for the opportunity to respond to the IASB Exposure Draft

More information

Evacuation Design Focused on Quality of Flow

Evacuation Design Focused on Quality of Flow Evacuation Design Focused on Quality of Flow - Utilizing Multi-Agent Pedestrian Simulator, SimTread - Yoshikazu Minegishi 1 ; Yoshiyuki Yoshida 1 ; Naohiro Takeichi 1 ; Akihide Jo 2 ; Tomonori Sano 3 ;

More information

Return on Investment Model

Return on Investment Model THOMAS JEFFERSON PLANNING DISTRICT COMMISSION Return on Investment Model Last Updated 7/11/2013 The Thomas Jefferson Planning District Commission developed a Return on Investment model that calculates

More information

Asset. Capital Asset Management Module. Asset Lookup Form

Asset. Capital Asset Management Module. Asset Lookup Form Capital Asset Management Module Asset Under KFS Modules, Capital Asset Management, Reference, select the Lookup button in the Asset row. The next screen allows you to search the CAM system for assets that

More information