Another lecture under the UTAR 10th Anniversary Public Lecture Series titled 'Threshold Models in Time Series - More Than 30 Years on' was given by London School of Economics Professor Emeritus Howell Tong, when he was serving as an external examiner for the Bachelor of Science (Hons) Statistical Computing and Operation Research from 26 to 30 March 2012.
To some 40 UTAR staff and students, Prof Tong presented on the limitation of linear Time Series model, various Threshold models, stationary distributions and fitting SETAR models. He said that Threshold models were applied in areas such as ecology, actuarial science, economy and finance, water resources, unemployment data, interest rates, and prices.
Prof Howell Tong