What is it about?
Our paper proposes a real time monitoring scheme of air pollution variables, which is based on an appropriately adjusted multivariate time series model that is used in finance.
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Why is it important?
on an appropriately adjusted multivariate time series model that is used in finance. This is the first time that such a modelling framework is introduced for environmental application. Regarding its usefulness, this is evidently significant, since early signals of abnormal increases of CO levels can be used for public protection.
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This page is a summary of: Real-time monitoring of carbon monoxide using value-at-risk measure and control charting, Journal of Applied Statistics, March 2016, Taylor & Francis,
DOI: 10.1080/02664763.2016.1161738.
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