This paper examines the efficiency of the Swedish stock market, specifically the Large cap list of the Stockholm stock exchange. This is achieved by implementing the relative strength method of investing during the decade of 2010-2020 and evaluate the results in contrast to the Efficient Market Hypothesis. The relative strength method applied in this paper is the similar strategy that Jagadeesh & Titman (1993) utilized. In short, the strategy is based on buying the historically best performing stocks whilst selling short the previous worst performers. Additionally, the risks associated with the method were examined with the risk measurements of the Jensen Alpha and the Modigliani risk-adjusted performance. The results indicate that the relative strength method is unable to consistently generate above-market returns, so that the study is unable to reject the Efficient Market Hypothesis. In addition, the relative strength method is unable to justify the risks associated.

Using the ARFIMA-FIGARCH model, this dissertation examines the efficiency of Botswana's bond market. It focuses on the properties of the return and volatility of the Fleming Asset Bond Index (the main aggregate fixed income benchmark index in Botswana) over the period September 2009 to May 2019. The weak-form version of efficient market hypothesis (EMH) is used as a criterion to investigate the existence of long memory in both bond returns and volatility. The results of our study indicate that the Botswana bond market data follow, to a great extent, the long-range dependence which negates the precepts of the efficient market hypothesis. Furthermore, policy reforms intended to stimulate bond market reform and related efficiency gains appear not to have produced the desired outcomes as the existence of long memory is found across all sample periods. Further remedial policies are suggested to enhance market dynamism.

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Consider a configuration of pebbles distributed on the vertices of a connected graph of order n. A pebbling step consists of removing two pebbles from a given vertex and placing one pebble on an adjacent vertex. A distribution of pebbles on a graph is called solvable if it is possible to place a pebble on any given vertex using a sequence of pebbling steps. The pebbling number of a graph, denoted f (G), is the minimal number of pebbles such that every configuration of f (G) pebbles on G is solvable. We derive several general upper bounds on the pebbling number, improving previous results.

Energy consumption in Wireless Sensor Networks (WSN) involving multiple sensor nodes is a crucial parameter in many applications like smart healthcare systems, home automation, environmental monitoring, and industrial use. Hence, an energy-efficient cluster-head (CH) selection strategy is imperative in a WSN to improve network performance. So to balance the harsh conditions in the network with fast changes in the energy dynamics, a novel energy-efficient adaptive fuzzy-based CH selection approach is projected. Extensive simulations exploited various real-time scenarios, such as varying the optimal position of the location of the base station and network energy. Additionally, the results showed an improved performance in the throughput (46%) and energy consumption (66%), which demonstrated the robustness and efficacy of the proposed model for the future designs of WSN applications.

Thesis(M. A. Agricultural Management (Animal Production)) -- University of Limpopo, 2019 / The study was conducted to assess phenotypic and genotypic diversity in resistance to gastro-intestinal nematode (GIN) within communal goats in different agro-ecological zones of Limpopo province. Eighty goats were randomly sampled from Mopani = 20, Blouburg = 20, Vhembe = 20 and Capricorn = 20, representing four agro-ecological zones of Limpopo province. Frequencies and percentages of occurrence of qualitative traits and least square means (LSM) of quantitative traits were computed. Goats were characterized as multi-coloured (67.7%), black dominant coat colour (40%), flat face profile (73.8%), erect ears (68.75%), slopping rump (47.5%), no toggles (83.8%), horned (86.3%), while 71.0% and 59.4% were straight shaped and orientated backward respectively, in all agro-ecological zones. Faecal and blood samples were collected to assess the prevalence of GIN and genetic diversity of goats. The highest prevalence and abundance GIN parasites were Haemonchus contortus (nematode = 357.42) followed by Fasciola hapatica (trematode = 163) and Moniezia (cestodes = 121.50). The patterns of GIN prevalence varied (P < 0.05) across agro-ecological zones and seasons. Prevalence of Moniezia nematode varied (P < 0.05) amongst goat sexes, whilst prevalence of other GIN’s did not vary (P>0.05). For genetic variation in GIN resistance, goats were genotyped at 15 microsatellite markers recommended by the International Society of Animal Genetics. Expected heterozygosity (HE) ranged from 0.69 in arid zone goat population to 0.76 in sub-humid zone goat population, while the observed heterozygosity (HO) ranged from 0.53 in arid zone goat population to 0.60 in sub-humid zone goat population. Mean number of alleles (MNA) per population ranged from 6.13 to 7.40. Gene differentiation (FST) among populations was low (3.6%). The results revealed that genetic relationships between populations do not reflect their geographical proximity as revealed by the Nei’s genetic distance results. Low heterozygosity resulted in reducing some fitness traits for GIN parasite resistance. Inbreed goats showed low internal parasite resistance across all agro-ecological zones.

I den här rapporten presenteras och implementeras ett mer lagringseffektivt sätt att köra kod på mikrokontrollers. Det jämförs också med det traditionella sättet detta görs på. Metoden involverar en hopptabell och målet är att kunna köra större mängder kod än vad som kan lagras på mikrokontrollern. Utan att förlora för mycket prestanda.I slutändan finns det inget självklart svar på om systemet som implementerats är ett bra alternativ till traditionella applikationer. Fler faktorer än bara prestanda presenteras och måste beaktas när system implementeras. Den utvecklade prototypen introducerade en overhead på cirka 1%. Därför kunde slutsatsen dras att prototypen är ett rimligt alternativ (prestandamässigt) till det traditionella sättet att köra applikationer. / In this paper, a more storage efficient way of running code on microcontrollers is presented, implemented and compared against the conventional method. The method involves utilising a jump table and the objective is to be able to execute larger amounts of code than fits into the program memory of the microcontroller. Without loosing too much performance.In conclusion, there is no obvious answer to whether the implemented system is a viable alternative to traditional applications or not. More variables than just performance are brought up and must be considered when a system is implemen- ted. However, the developed prototype introduced a minor overhead of about 1%. It could therefore be concluded that the prototype is a viable alternative, to the conventional way of running applications, performance-wise.

Developing etching of GaN material system is the key to device fabrications. In this thesis, we report on the fabrication of high throughput lift-off of InGaN/GaN based micro-membrane light emitting diode (LED) from sapphire substrate using UV-assisted photoelectroless chemical (PEsC) etching. Unlike existing bandgap selective etching based on unconventional sacrificial layer, the current hydrofluoric acid based wet etching process enables the selective etching of undoped GaN layer already incorporated in standard commercial LED structures, thus attaining the leverage on high performance device design, and facile wet process technology. The lift-off micro-membrane LED showed 16% alleviated quantum efficiency droop under 200 mA/cm2 current injection, demonstrating the advantage of LED epitaxy exfoliation from the lattice-mismatched sapphire substrate. The origin of the performance improvement was investigated based on non-destructive characterization methods. Photoluminescence (PL) characterization showed a 7nm peak emission wavelength shift in the micro-membrane LED compared to the GaN-on-Sapphire LED. The Raman spectroscopy measurements correlate well with the PL observation that a 0.86 GPa relaxed compressive biaxial strain was achieved after the lift-off process. The micro-membrane LED technology enables further heterogeneous integration for forming pixelated red, green, blue (RGB) display on flexible and transparent substrate. The development of discrete and membrane LEDs using nano-fiber paper as the current spreading layer was also explored for such integration.

Topic models are useful tools for exploring large data sets of textual content by exposing a generative process from which the text was produced. Anchor-based topic models utilize the anchor word assumption to define a set of algorithms with provable guarantees which recover the underlying topics with a run time practically independent of corpus size. A number of extensions to the initial anchor word-based algorithms, and enhancements made to tangential models, have been proposed which improve the intrinsic characteristics of the model making them more interpretable by humans. This thesis evaluates improvements to human interpretability due to: low-dimensional word embeddings in combination with a regularized objective function, automatic topic merging using tandem anchors, and utilizing word embeddings to synthetically increase corpus density. Results show that tandem anchors are viable vehicles for automatic topic merging, and that using word embeddings significantly improves the original anchor method across all measured metrics. Combining low-dimensional embeddings and a regularized objective results in computational downsides with small or no improvements to the metrics measured.

Investeringar i aktier eller aktiefonder kan få ens pengar att växa genom den kumulativa avkastning som genereras. Genom ränta-på-ränta-effekten kan en liten ökning i avkastning från dessa investeringar få en stor effekt över en lång tidsperiod. På grund av detta etablerar många investerare strategier för att försöka uppnå en högre avkastning än den generella aktiemarknaden. Att slå marknaden har historiskt sett varit svårt vilket går i linje med det rådande paradigmet om att marknader är effektiva. Empirisk forskning har dock visat på återupprepande prismönster, som inneburit att det funnits möjligheter att strategiskt och systematiskt investera för att generera en högre riskjusterad avkastning än marknaden. Dessa prismönster kallas för anomalier och när de är tidsbaserade benämns de vanligtvis som kalendereffekter. Syftet med studien var att undersöka huruvida kalendereffekter även varit förekommande på marknader med mindre utvecklade institutioner och begränsad tidigare forskning. Studien är avgränsad till aktiemarknader i Afrika och har ställts i relation till motsvarande marknader i några av västvärldens mest välutvecklade ekonomier. En jämförelse har gjorts för att undersöka vart och vilka kalendereffekter som funnits samt hur resultatet skiljer sig mellan Afrika och västvärlden. Studien omfattar en tidsperiod från år 2000 fram till 2020. Resultatet visar något vanligare och mer signifikanta kalendereffekter på de afrikanska marknaderna men inte någon annan tydlig övergripande skillnad vid jämförelse med de västerländska marknaderna. Långa positioner vid månadsskiftet och efterföljande dagar alternativt vid slutet av handelsveckan har kunnat ge en högre riskjusterad avkastning än den generella marknaden i flera länder. Under tidsperioden finns det således belägg för att överavkastning kunnat uppnåtts på ett flertal afrikanska aktiemarknader genom systematiskt planerade investeringar. / Investments in equities or equity funds can help to make your money grow through the cumulative returns generated. Through compound interest, a small increase in return on these investments can have a large effect over a long period of time, resulting in many investors establishing strategies to achieve a higher return than the general stock market. Beating the market has historically been difficult which supports the prevailing paradigm that markets are efficient. However, empirical research has shown recurring price patterns, implying that there have been opportunities to strategically and systematically invest to generate a higher risk-adjusted return than the market. These price patterns are called anomalies and when time-based, are usually referred to as calendar effects. The purpose of this study was to examine whether calendar effects were also present in markets with less developed institutions and limited previous research. The study is focused on stock markets in Africa, which have been compared to corresponding markets in some of the most developed economies in the Western world. A comparison has been made to examine where and what calendar effects existed and how the results differ between Africa and the Western world. The study covers a period from 2000 to 2020. The results show slightly more common and significant calendar effects in the African markets, but no other clear overall difference was observed when compared with the Western markets. Long positions at the end of the month and subsequent days, alternatively at the end of the trading week, have been able to produce a higher risk-adjusted return than the general market in several countries. Thus, during this time period, there is evidence that excess returns could have been achieved in a number of African stock markets through systematically planned investments.