An increased risk of credit-related exposures and the contagion effect of the recent global financial crisis have led to stringent regulations and the need for accurate credit risk models. Under the ...

Scandinavian Journal of Statistics, Vol. 4, No. 3 (1977), pp. 97-104 (8 pages) This paper deals with the estimation of the left probability eigenvector and related characteristics of an ergodic matrix ...

In this paper we consider the Markov chain formed by the operation of the move-to-front scheme. We show that the eigenvalues of the transition probability matrix are of the form pi, pi + pj, ⋯, Σ1 N ...