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Recently, the total net assets of mutual funds have increased considerably and turned them into one of the main investment instruments. Despite this increment, every year a considerable number of funds disappear. The main purpose of this paper is to determine if the neural networks can be a valid instrument to detect the survival capacity of a fund, using the traditional variables linked to the literature of disappearance funds: age, size, performance and volatility. This paper also incorporates annualized variation in return and the Sharpe ratio as variables. The data used is a sample of Spanish mutual funds during 2018 and 2019. The results show that the network correctly classifies funds into surviving and non-surviving with a total error of 13%. Moreover, it shows that not all variables are significant to determine the survival capacity of a fund. The results indicate that surviving and non-surviving funds differ in variables related to performance and its variation, volatility and the Sharpe ratio. However, age and size are not significant variables. As a conclusion, the neural network correctly predicts the 87% of survival capacity of mutual funds. Therefore, this methodology can be used to classify this financial instrument according to its survival or disappearance. [ABSTRACT FROM AUTHOR]

In this paper we compare two different methodologies for Fractional Vegetation Cover (FVC) retrieval from Compact High Resolution Imaging Spectrometer (CHRIS) data onboard the European Space Agency (ESA) Project for On-Board Autonomy (PROBA) platform. The first methodology is based on empirical approaches using Vegetation Indices (VIs), in particular the Normalized Difference Vegetation Index (NDVI) and the Variable Atmospherically Resistant Index (VARI). The second methodology is based on the Spectral Mixture Analysis (SMA) technique, in which a Linear Spectral Unmixing model has been considered in order to retrieve the abundance of the different constituent materials within pixel elements, called Endmembers (EMs). These EMs were extracted from the image using three different methods: i) manual extraction using a land cover map, ii) Pixel Purity Index (PPI) and iii) Automated Morphological Endmember Extraction (AMEE). The different methodologies for FVC retrieval were applied to one PROBA/CHRIS image acquired over an agricultural area in Spain, and they were calibrated and tested against in situ measurements of FVC estimated with hemispherical photographs. The results obtained from VIs show that VARI correlates better with FVC than NDVI does, with standard errors of estimation of less than 8% in the case of VARI and less than 13% in the case of NDVI when calibrated using the in situ measurements. The results obtained from the SMA-LSU technique show Root Mean Square Errors (RMSE) below 12% when EMs are extracted from the AMEE method and around 9% when extracted from the PPI method. A RMSE value below 9% was obtained for manual extraction of EMs using a land cover use map. [ABSTRACT FROM AUTHOR]

This paper presents a localization model employing convolutional neural network (CNN) and Gaussian process regression (GPR) based on Wi-Fi received signal strength indication (RSSI) fingerprinting data. In the proposed scheme, the CNN model is trained by a training dataset. The trained model adapts to complex scenes with multipath effects or many access points (APs). More specifically, the pre-processing algorithm makes the RSSI vector which is formed by considerable RSSI values from different APs readable by the CNN algorithm. The trained CNN model improves the positioning performance by taking a series of RSSI vectors into account and extracting local features. In this design, however, the performance is to be further improved by applying the GPR algorithm to adjust the coordinates of target points and offset the over-fitting problem of CNN. After implementing the hybrid model, the model is experimented with a public database that was collected from a library of Jaume I University in Spain. The results show that the hybrid model has outperformed the model using k-nearest neighbor (KNN) by 61.8%. While the CNN model improves the performance by 45.8%, the GPR algorithm further enhances the localization accuracy. In addition, the paper has also experimented with the three kernel functions, all of which have been demonstrated to have positive effects on GPR. [ABSTRACT FROM AUTHOR]

The paper aims to identify which variables related to capital structure theory predict business failure in the Spanish construction sector during the subprime crisis. An artificial neural network (ANN) approach based on Self-Organizing Maps (SOM) is proposed, which allows one to cluster between default and active firms' groups. The similarities and differences between the main features in each group determine the variables that explain the capacities of failure of the analyzed firms. The network tests whether the factors that explain leverage, such as profitability, growth opportunities, size of the company, risk, asset structure, and age of the firm, can be suitable to predict business failure. The sample is formed by 152 construction firms (76 default and 76 active) in the Spanish market. The results show that the SOM correctly predicts 97.4% of firms in the construction sector and classifies the firms in five groups with clear similarities inside the clusters. The study proves the suitability of the SOM for predicting business bankruptcy situations using variables related to capital structure theory and financial crises. [ABSTRACT FROM AUTHOR]