AI Chat Prompt Generator

AI Chat Prompt Generator — independent reviews, comparisons, pricing and step-by-step guides on Aizhi.

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  Structured-light 3D scanner

  A structured-light 3D scanner is a device used to capture the three-dimensional shape of an object by projecting light patterns, such as grids or stripes, onto its surface. The deformation of these patterns is recorded by cameras and processed using specialized algorithms to generate a detailed 3D model. Structured-light 3D scanning is widely employed in fields such as industrial design, quality control, cultural heritage preservation, augmented reality gaming, and medical imaging. Compared to laser-based 3D scanning, structured-light scanners use non-coherent light sources, such as LEDs or projectors, which enable faster data acquisition and eliminate potential safety concerns associated with lasers. However, the accuracy of structured-light scanning can be influenced by external factors, including ambient lighting conditions and the reflective properties of the scanned object. == Principle == Projecting a narrow band of light onto a three-dimensional surface creates a line of illumination that appears distorted when viewed from perspectives other than that of the projector. This distortion can be analyzed to reconstruct the geometry of the surface, a technique known as light sectioning. Projecting patterns composed of multiple stripes or arbitrary fringes simultaneously enables the acquisition of numerous data points at once, improving scanning speed. While various structured light projection techniques exist, parallel stripe patterns are among the most commonly used. By analyzing the displacement of these stripes, the three-dimensional coordinates of surface details can be accurately determined. === Generation of light patterns === Two major methods of stripe pattern generation have been established: Laser interference and projection. The laser interference method works with two wide planar laser beam fronts. Their interference results in regular, equidistant line patterns. Different pattern sizes can be obtained by changing the angle between these beams. The method allows for the exact and easy generation of very fine patterns with unlimited depth of field. Disadvantages are high cost of implementation, difficulties providing the ideal beam geometry, and laser typical effects like speckle noise and the possible self interference with beam parts reflected from objects. Typically, there is no means of modulating individual stripes, such as with Gray codes. The projection method uses incoherent light and basically works like a video projector. Patterns are usually generated by passing light through a digital spatial light modulator, typically based on one of the three currently most widespread digital projection technologies, transmissive liquid crystal, reflective liquid crystal on silicon (LCOS) or digital light processing (DLP; moving micro mirror) modulators, which have various comparative advantages and disadvantages for this application. Other methods of projection could be and have been used, however. Patterns generated by digital display projectors have small discontinuities due to the pixel boundaries in the displays. Sufficiently small boundaries however can practically be neglected as they are evened out by the slightest defocus. A typical measuring assembly consists of one projector and at least one camera. For many applications, two cameras on opposite sides of the projector have been established as useful. Invisible (or imperceptible) structured light uses structured light without interfering with other computer vision tasks for which the projected pattern will be confusing. Example methods include the use of infrared light or of extremely high framerates alternating between two exact opposite patterns. === Calibration === Geometric distortions by optics and perspective must be compensated by a calibration of the measuring equipment, using special calibration patterns and surfaces. A mathematical model is used for describing the imaging properties of projector and cameras. Essentially based on the simple geometric properties of a pinhole camera, the model also has to take into account the geometric distortions and optical aberration of projector and camera lenses. The parameters of the camera as well as its orientation in space can be determined by a series of calibration measurements, using photogrammetric bundle adjustment. === Analysis of stripe patterns === There are several depth cues contained in the observed stripe patterns. The displacement of any single stripe can directly be converted into 3D coordinates. For this purpose, the individual stripe has to be identified, which can for example be accomplished by tracing or counting stripes (pattern recognition method). Another common method projects alternating stripe patterns, resulting in binary Gray code sequences identifying the number of each individual stripe hitting the object. An important depth cue also results from the varying stripe widths along the object surface. Stripe width is a function of the steepness of a surface part, i.e. the first derivative of the elevation. Stripe frequency and phase deliver similar cues and can be analyzed by a Fourier transform. Finally, the wavelet transform has recently been discussed for the same purpose. In many practical implementations, series of measurements combining pattern recognition, Gray codes and Fourier transform are obtained for a complete and unambiguous reconstruction of shapes. Another method also belonging to the area of fringe projection has been demonstrated, utilizing the depth of field of the camera. It is also possible to use projected patterns primarily as a means of structure insertion into scenes, for an essentially photogrammetric acquisition. === Precision and range === The optical resolution of fringe projection methods depends on the width of the stripes used and their optical quality. It is also limited by the wavelength of light. An extreme reduction of stripe width proves inefficient due to limitations in depth of field, camera resolution and display resolution. Therefore, the phase shift method has been widely established: A number of at least 3, typically about 10 exposures are taken with slightly shifted stripes. The first theoretical deductions of this method relied on stripes with a sine wave shaped intensity modulation, but the methods work with "rectangular" modulated stripes, as delivered from LCD or DLP displays as well. By phase shifting, surface detail of e.g. 1/10 the stripe pitch can be resolved. Current optical stripe pattern profilometry hence allows for detail resolutions down to the wavelength of light, below 1 micrometer in practice or, with larger stripe patterns, to approx. 1/10 of the stripe width. Concerning level accuracy, interpolating over several pixels of the acquired camera image can yield a reliable height resolution and also accuracy, down to 1/50 pixel. Arbitrarily large objects can be measured with accordingly large stripe patterns and setups. Practical applications are documented involving objects several meters in size. Typical accuracy figures are: Planarity of a 2-foot (0.61 m) wide surface, to 10 micrometres (0.00039 in). Shape of a motor combustion chamber to 2 micrometres (7.9×10−5 in) (elevation), yielding a volume accuracy 10 times better than with volumetric dosing. Shape of an object 2 inches (51 mm) large, to about 1 micrometre (3.9×10−5 in) Radius of a blade edge of e.g. 10 micrometres (0.00039 in), to ±0.4 μm === Navigation === As the method can measure shapes from only one perspective at a time, complete 3D shapes have to be combined from different measurements in different angles. This can be accomplished by attaching marker points to the object and combining perspectives afterwards by matching these markers. The process can be automated, by mounting the object on a motorized turntable on robotic inspection cell, or CNC positioning device. Markers can as well be applied on a positioning device instead of the object itself. The 3D data gathered can be used to retrieve CAD (computer aided design) data and models from existing components (reverse engineering), hand formed samples or sculptures, natural objects or artifacts. === Challenges === As with all optical methods, reflective or transparent surfaces raise difficulties. Reflections cause light to be reflected either away from the camera or right into its optics. In both cases, the dynamic range of the camera can be exceeded. Transparent or semi-transparent surfaces also cause major difficulties. In these cases, coating the surfaces with a thin opaque lacquer just for measuring purposes is a common practice. A recent method handles highly reflective and specular objects by inserting a 1-dimensional diffuser between the light source (e.g., projector) and the object to be scanned. Alternative optical techniques have been proposed for handling perfectly transparent and specular objects. Double reflections and inter-reflections can cause the stripe pattern to be overlaid with unwanted ligh

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  Phraselator

  The Phraselator is a weatherproof handheld language translation device developed by Applied Data Systems and VoxTec, a former division of the military contractor Marine Acoustics, located in Annapolis, Maryland, USA. It was designed to serve as a handheld computer device that translates English into one of 40 different languages. == The device == The Phraselator is a small speech translation PDA-sized device designed to aid in interpretation. The device does not produce synthesized speech like that utilized by Stephen Hawking; instead, it plays pre-recorded foreign language MP3 files. Users can select the phrase they wish to convey from an English list on the screen or speak into the device. It then uses speech recognition technology called DynaSpeak, developed by SRI International, to play the proper sound file. The accuracy of the speech recognition software is over 70 percent according to software developer Jack Buchanan. The device can also record replies for translation later. Pre-recorded phrases are stored on Secure Digital flash memory cards. A 128 MB card can hold up to 12,000 phrases in four or five languages. Users can download phrase modules from the official website, which contained over 300,000 phrases as of March 2005. Users can also construct their own custom phrase modules. Earlier devices were known to have run on an SA-1110 Strong Arm 206 MHz CPU with 32MB SDRAM and 32MB onboard Flash RAM. A newer model, the P2, was released in 2004 and developed according to feedback from U.S. soldiers. It translates one way from English to approximately 60 other languages. It has a directional microphone, a larger library of phrases and a longer battery life. The 2004 release was created by and utilizes a computer board manufactured by InHand Electronics, Inc. In the future, the device will be able to display pictures so users can ask questions such as "Have you seen this person?" Developer Ace Sarich notes that the device is inferior to human interpreter. Conclusions derived from a Nepal field test conducted by U.S. and Nepal based NGO Himalayan Aid in 2004 seemed to confirm Sarich's comparisons: The very concept of using a machine as a communication point between individuals seemed to actually encourage a more limited form of interaction between tester and respondent. Usually, when limited language skills are present between parties, the genuine struggle and desire to communicate acts as a display of good will – we openly display our weakness in this regard – and the result is a more relaxed and human encounter. This was not necessarily present with the Phraselator as all parties abandoned learning about each other and instead focused on learning how to work with the device. As a tool for bridging any cultural differences or communicating effectively at any length, the Phraselator would not be recommended. This device, at least in the form tested, would best be used in large-scale operations where there is no time for language training and there is a need to communicate fixed ideas, quickly, over the greatest distance by employing large amounts of unskilled users. Large humanitarian or natural disasters in remote areas of third-world countries might be an effective example. == Origin == The original idea for the device came from Lee Morin, a Navy doctor in Operation Desert Storm. To communicate with patients, he played Arabic audio files from his laptop. He informed Ace Sarich, the vice president of VoxTec, about the idea. VoxTec won a DARPA Small Business Innovation Research grant in early 2001 to develop a military-grade handheld phrase translator. During its development, the Phraselator was tested and evaluated by scientists from the Army Research Laboratory. The device was first field tested in Afghanistan in 2001. By 2002, about 500 Phraselators were built for soldiers around the world with another 250 ordered by the U.S. Special Forces. The device cost $2000 to develop and could convert spoken English into one of 200,000 recorded commands and questions in 30 languages. However, the device could only translate one-way. At the time, the only existing two-way voice translator that could convert speech back and forth between languages was the Audio Voice Translation Guide System, or TONGUES, which was developed by Carnegie Mellon University for Lockheed Martin. As part of a DARPA program known as the Spoken Language Communication and Translation System for Tactical Use, SRI International has further developed two-way translation software for use in Iraq called IraqComm in 2006 which contains a vocabulary of 40,000 English words and 50,000 words in Iraqi Arabic. == Notable users == The handheld translator was recently used by U.S. troops while providing relief to tsunami victims in early 2005. About 500 prototypes of the device were provided to U.S. military forces in Operation Enduring Freedom. Units loaded with Haitian dialects have been provided to U.S. troops in Haiti. Army military police have used it in Kandahar to communicate with POWs. In late 2004, the U.S. Navy began to augment some ships with a version of the device attached to large speakers in order to broadcast clear voice instructions up to 400 yards (370 m) away. Corrections officers and law enforcement in Oneida County, New York, have tested the device. Hospital emergency rooms and health departments have also evaluated it. Several Native American tribes such as the Choctaw Nation, the Ponca, and the Comanche Nation have also used the device to preserve their dying languages. Various law enforcement agencies, such as the Los Angeles Police Department, also use the phraselator in their patrol cars. == Awards == In March 2004, DARPA director Dr. Tony Tether presented the Small Business Innovative Research Award to the VoxTec division of Marine Acoustics at DARPATech 2004 in Anaheim, CA. The device was recently listed as one of "Ten Emerging Technologies That Will Change Your World" in MIT's Technology Review. == Pop culture == Software developer Jack Buchanan believes that building a device similar to the fictional universal translator seen in Star Trek would be harder than building the Enterprise. The device was mentioned in a list of "Top 10 Star Trek Tech" on Space.com.

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  Corpus-assisted discourse studies

  Corpus-assisted discourse studies (abbr.: CADS) is related historically and methodologically to the discipline of corpus linguistics. The principal endeavor of corpus-assisted discourse studies is the investigation, and comparison of features of particular discourse types, integrating into the analysis the techniques and tools developed within corpus linguistics. These include the compilation of specialised corpora and analyses of word and word-cluster frequency lists, comparative keyword lists and, above all, concordances. A broader conceptualisation of corpus-assisted discourse studies would include any study that aims to bring together corpus linguistics and discourse analysis. Such research is often labelled as corpus-based or corpus-assisted discourse analysis, with the term CADS coined by a research group in Italy (Partington 2004) for a specific type of corpus-assisted discourse analysis (see the section 'in different countries' below). == Aims == Corpus-assisted discourse studies aim to uncover non-obvious meaning, that is, meaning which might not be readily available to naked-eye perusal. Much of what carries meaning in texts is not open to direct observation: “you cannot understand the world just by looking at it” (Stubbs [after Gellner 1959] 1996: 92). We use language “semi-automatically”, in the sense that speakers and writers make semi-conscious choices within the various complex overlapping systems of which language is composed, including those of transitivity, modality (Michael Halliday 1994), lexical sets (e.g. freedom, liberty, deliverance), modification, and so on. Authors themselves are, famously, generally unaware of all the meanings their texts convey. By combining the quantitative research approach, that is, statistical analysis of large amounts of the discourse in question - more precisely, large numbers of tokens of the discourse type under study contained in a corpus - with the more qualitative research approach typical of discourse analysis, that is, the close, detailed examination of particular stretches of discourse it may be possible to better understand the processes at play in the discourse type and to gain access to non-obvious meanings. Aims can differ in other types of corpus-based or corpus-assisted discourse analysis; but in general such studies combine quantitative and qualitative research and aim to shed light on discourses, registers, discourse patterns, etc., with the help of a corpus linguistic approach. Specific aims and techniques depend on the relevant project. == In different countries == In German-speaking countries: Pioneering work in corpus-based discourse analysis was conducted in Europe, in particular by Hardt-Mautner/Mautner (1995, 2000) and Stubbs (1996, 2001). CADS and other types of corpus-based discourse analysis are inspired by this important early work. In Italy: A considerable body of research has been conducted in Italy either by individual researchers or under the aegis of combined inter-university projects such as Newspool (Partington et al. 2004) and CorDis (Morley and Bayley eds, 2009). It has concentrated on political and media language, mainly because a nucleus of linguists in Italian universities work in Political Science faculties and are increasingly interested in the use of corpus techniques to conduct a particular type of sociopolitical discourse analysis, including the unearthing of noteworthy ideological metaphors and motifs in the language of political figures and institutions. Italian researchers also developed Modern diachronic corpus-assisted discourse studies (MD-CADS). This approach contrasts the language contained in comparable corpora from different but recent points in time in order to track changes in modern language usage but also social, cultural and political changes over modern times, as reflected - and shared among people - in language. It is this Italian body of research that makes most use of the label CADS. In the UK: Linguists in the UK tend to undertake corpus-based critical discourse analysis (CDA). CDA generally adopts a leftist political stance, focusing on the ways that social and political domination is reproduced by text and talk. This type of corpus-based research was originally associated with Lancaster University (Baker et al. 2008), but has spread more widely since. Such work typically studies the discourses around particular groups of people (e.g. Muslims, people with disabilities) or concepts/events (e.g. feminism, same-sex marriage). In Australia: Corpus-based discourse analysis is undertaken by a growing number of Australian researchers, most often on media texts. Some of this work aims to elucidate specific features of discourse types (news, social media, television series, etc.), while other work is rooted in the tradition of corpus-based critical discourse analysis. == Comparison with traditional corpus linguistics == Traditional corpus linguistics has, quite naturally, tended to privilege the quantitative approach. In the drive to produce more authentic dictionaries and grammars of a language, it has been characterised by the compilation of some very large corpora of heterogeneric discourse types in the desire to obtain an overview of the greatest quantity and variety of discourse types possible, in other words, of the chimerical but useful fiction called the “general language” (“general English”, “general Italian”, and so on). This has led to the construction of immensely valuable research tools such as the Bank of English and the British National Corpus. Some branches of corpus linguistics have also promoted an approach that is "corpus-driven", in which we need, grammatically speaking, a mental tabula rasa to free ourselves of the baleful prejudice exerted by traditional models and allow the data to speak entirely for itself. The aim of corpus-assisted discourse studies and related approaches is radically different. Here the aim of the exercise is to acquaint oneself as much as possible with the discourse type(s) in hand. Researchers typically engage with their corpus in a variety of ways. As well as via wordlists and concordancing, intuitions for further research can also arise from reading or watching or listening to parts of the data-set, a process which can help provide a feel for how things are done linguistically in the discourse-type being studied. Corpus-assisted discourse analysis is also typically characterised by the compilation of ad hoc specialised corpora, since very frequently there exists no previously available collection of the discourse type in question. Often, other corpora are utilized in the course of a study for purposes of comparison. These may include pre-existing corpora or may themselves need to be compiled by the researcher. In some sense, all work with corpora – just as all work with discourse - is properly comparative. Even when a single corpus is employed, it is used to test the data it contains against another body of data. This may consist of the researcher's intuitions, or the data found in reference works such as dictionaries and grammars, or it may be statements made by previous authors in the field. == CADS as a specific type of corpus-based discourse analysis == Researchers in Italy have developed CADS as a specific type of corpus-based discourse analysis, creating a standard set of methods: 'A basic, standard methodology in CADS may resemble the following:' Step 1: Decide upon the research question; Step 2: Choose, compile or edit an appropriate corpus; Step 3: Choose, compile or edit an appropriate reference corpus / corpora; Step 4: Make frequency lists and run a keywords comparison of the corpora; Step 5: Determine the existence of sets of key items; Step 6: Concordance interesting key items (with differing quantities of co-text); Step 7: (Possibly) refine the research question and return to Step 2. This basic procedure can of course vary according to individual research circumstances and requirements. A particular way of conceptualising research questions has also been proposed in such CADS projects: Given that P is a discourse participant (or possibly an institution) and G is a goal, often a political goal: How does P achieve G with language? What does this tell us about P? Comparative studies: how do P1 and P2 differ in their use of language? Does this tell us anything about their different principles and objectives? A second general type of CADS research question, which might be asked of interactive discourse data, has been conceptualised as follows: Given that P(x) is a particular participant or set of participants, DT is the discourse type, and R is an observed relationship between or among participants: How do {P(a), P(b)...P(n)} achieve / maintain R in DT [using language]? Another common type of research question has been conceptualised thus: Given that A is an author, Ph(x) is a phenomenon or practice or behaviour, and DT(x) is a particular discourse type. A has said P

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  AI Image Generators: Free vs Paid (2026)

  Looking for the best AI image generator? An AI image generator is software that uses machine learning to help you get more done — it can save you hours every week by automating repetitive work. Most options offer a generous free tier, with paid plans unlocking higher limits, faster processing, and team features. Whether you are a beginner or a pro, the right AI image generator slots into your workflow and pays for itself fast. This guide breaks down the top picks, their pros and cons, and who each one is best for.

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  Keka HR

  Keka HR is a software company that provides cloud-based human resource management and payroll automation software. Keka HR specializes in providing business services in the field of HR technology, payroll automation, recruiting, leave, attendance and performance management. The company was founded by Vijay Yalamanchili on July 21, 2014. The company is headquartered in Hyderabad, with operations in Singapore and the United States. == History == Keka HR was established in 2014 in Hyderabad, Telangana, India. In 2015, the company entered the Indian HR market and received the HYSEA Startup Award. By 2019, Keka HR had surpassed $1 million in annual recurring revenue (ARR). During the COVID-19 pandemic in 2020, the company reported a sevenfold increase in sales. By 2021, the company had raised $1.6 million through Recur Club. In 2022, Keka HR secured $57 million in Series A funding from West Bridge Capital. The company's headquarters are located in Gachibowli, Hyderabad, with offices in Singapore and Seattle, Washington.

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  Top 10 AI Code Generators Compared (2026)

  Curious about the best AI code generator? An AI code generator is software that uses machine learning to help you get more done — it combines speed, accuracy, and an interface that just works. Hands-on testing shows real-world results vary, so a short free trial is the smartest way to decide. Whether you are a beginner or a pro, the right AI code generator slots into your workflow and pays for itself fast. This guide breaks down the top picks, their pros and cons, and who each one is best for.

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  Markov switching multifractal

  In financial econometrics (the application of statistical methods to economic data), the Markov-switching multifractal (MSM) is a model of asset returns developed by Laurent E. Calvet and Adlai J. Fisher that incorporates stochastic volatility components of heterogeneous durations. MSM captures the outliers, log-memory-like volatility persistence and power variation of financial returns. In currency and equity series, MSM compares favorably with standard volatility models such as GARCH(1,1) and FIGARCH both in- and out-of-sample. MSM is used by practitioners in the financial industry for different types of forecasts. == MSM specification == The MSM model can be specified in both discrete time and continuous time. === Discrete time === Let P t {\displaystyle P_{t}} denote the price of a financial asset, and let r t = ln ⁡ ( P t / P t − 1 ) {\displaystyle r_{t}=\ln(P_{t}/P_{t-1})} denote the return over two consecutive periods. In MSM, returns are specified as r t = μ + σ ¯ ( M 1 , t M 2 , t . . . M k ¯ , t ) 1 / 2 ϵ t , {\displaystyle r_{t}=\mu +{\bar {\sigma }}(M_{1,t}M_{2,t}...M_{{\bar {k}},t})^{1/2}\epsilon _{t},} where μ {\displaystyle \mu } and σ {\displaystyle \sigma } are constants and { ϵ t {\displaystyle \epsilon _{t}} } are independent standard Gaussians. Volatility is driven by the first-order latent Markov state vector: M t = ( M 1 , t M 2 , t … M k ¯ , t ) ∈ R + k ¯ . {\displaystyle M_{t}=(M_{1,t}M_{2,t}\dots M_{{\bar {k}},t})\in R_{+}^{\bar {k}}.} Given the volatility state M t {\displaystyle M_{t}} , the next-period multiplier M k , t + 1 {\displaystyle M_{k,t+1}} is drawn from a fixed distribution M with probability γ k {\displaystyle \gamma _{k}} , and is otherwise left unchanged. The transition probabilities are specified by γ k = 1 − ( 1 − γ 1 ) ( b k − 1 ) {\displaystyle \gamma _{k}=1-(1-\gamma _{1})^{(b^{k-1})}} . The sequence γ k {\displaystyle \gamma _{k}} is approximately geometric γ k ≈ γ 1 b k − 1 {\displaystyle \gamma _{k}\approx \gamma _{1}b^{k-1}} at low frequency. The marginal distribution M has a unit mean, has a positive support, and is independent of k. ==== Binomial MSM ==== In empirical applications, the distribution M is often a discrete distribution that can take the values m 0 {\displaystyle m_{0}} or 2 − m 0 {\displaystyle 2-m_{0}} with equal probability. The return process r t {\displaystyle r_{t}} is then specified by the parameters θ = ( m 0 , μ , σ ¯ , b , γ 1 ) {\displaystyle \theta =(m_{0},\mu ,{\bar {\sigma }},b,\gamma _{1})} . Note that the number of parameters is the same for all k ¯ > 1 {\displaystyle {\bar {k}}>1} . === Continuous time === MSM is similarly defined in continuous time. The price process follows the diffusion: d P t P t = μ d t + σ ( M t ) d W t , {\displaystyle {\frac {dP_{t}}{P_{t}}}=\mu dt+\sigma (M_{t})\,dW_{t},} where σ ( M t ) = σ ¯ ( M 1 , t … M k ¯ , t ) 1 / 2 {\displaystyle \sigma (M_{t})={\bar {\sigma }}(M_{1,t}\dots M_{{\bar {k}},t})^{1/2}} , W t {\displaystyle W_{t}} is a standard Brownian motion, and μ {\displaystyle \mu } and σ ¯ {\displaystyle {\bar {\sigma }}} are constants. Each component follows the dynamics: The intensities vary geometrically with k: γ k = γ 1 b k − 1 . {\displaystyle \gamma _{k}=\gamma _{1}b^{k-1}.} When the number of components k ¯ {\displaystyle {\bar {k}}} goes to infinity, continuous-time MSM converges to a multifractal diffusion, whose sample paths take a continuum of local Hölder exponents on any finite time interval. == Inference and closed-form likelihood == When M {\displaystyle M} has a discrete distribution, the Markov state vector M t {\displaystyle M_{t}} takes finitely many values m 1 , . . . , m d ∈ R + k ¯ {\displaystyle m^{1},...,m^{d}\in R_{+}^{\bar {k}}} . For instance, there are d = 2 k ¯ {\displaystyle d=2^{\bar {k}}} possible states in binomial MSM. The Markov dynamics are characterized by the transition matrix A = ( a i , j ) 1 ≤ i , j ≤ d {\displaystyle A=(a_{i,j})_{1\leq i,j\leq d}} with components a i , j = P ( M t + 1 = m j | M t = m i ) {\displaystyle a_{i,j}=P\left(M_{t+1}=m^{j}|M_{t}=m^{i}\right)} . Conditional on the volatility state, the return r t {\displaystyle r_{t}} has Gaussian density f ( r t | M t = m i ) = 1 2 π σ 2 ( m i ) exp ⁡ [ − ( r t − μ ) 2 2 σ 2 ( m i ) ] . {\displaystyle f(r_{t}|M_{t}=m^{i})={\frac {1}{\sqrt {2\pi \sigma ^{2}(m^{i})}}}\exp \left[-{\frac {(r_{t}-\mu )^{2}}{2\sigma ^{2}(m^{i})}}\right].} === Conditional distribution === === Closed-form Likelihood === The log likelihood function has the following analytical expression: ln ⁡ L ( r 1 , … , r T ; θ ) = ∑ t = 1 T ln ⁡ [ ω ( r t ) . ( Π t − 1 A ) ] . {\displaystyle \ln L(r_{1},\dots ,r_{T};\theta )=\sum _{t=1}^{T}\ln[\omega (r_{t}).(\Pi _{t-1}A)].} Maximum likelihood provides reasonably precise estimates in finite samples. === Other estimation methods === When M {\displaystyle M} has a continuous distribution, estimation can proceed by simulated method of moments, or simulated likelihood via a particle filter. == Forecasting == Given r 1 , … , r t {\displaystyle r_{1},\dots ,r_{t}} , the conditional distribution of the latent state vector at date t + n {\displaystyle t+n} is given by: Π ^ t , n = Π t A n . {\displaystyle {\hat {\Pi }}_{t,n}=\Pi _{t}A^{n}.\,} MSM often provides better volatility forecasts than some of the best traditional models both in and out of sample. Calvet and Fisher report considerable gains in exchange rate volatility forecasts at horizons of 10 to 50 days as compared with GARCH(1,1), Markov-Switching GARCH, and Fractionally Integrated GARCH. Lux obtains similar results using linear predictions. == Applications == === Multiple assets and value-at-risk === Extensions of MSM to multiple assets provide reliable estimates of the value-at-risk in a portfolio of securities. === Asset pricing === In financial economics, MSM has been used to analyze the pricing implications of multifrequency risk. The models have had some success in explaining the excess volatility of stock returns compared to fundamentals and the negative skewness of equity returns. They have also been used to generate multifractal jump-diffusions. == Related approaches == MSM is a stochastic volatility model with arbitrarily many frequencies. MSM builds on the convenience of regime-switching models, which were advanced in economics and finance by James D. Hamilton. MSM is closely related to the Multifractal Model of Asset Returns. MSM improves on the MMAR's combinatorial construction by randomizing arrival times, guaranteeing a strictly stationary process. MSM provides a pure regime-switching formulation of multifractal measures, which were pioneered by Benoit Mandelbrot.

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  GLIMMER

  In bioinformatics, GLIMMER (Gene Locator and Interpolated Markov ModelER) is used to find genes in prokaryotic DNA. "It is effective at finding genes in bacteria, archea, viruses, typically finding 98-99% of all relatively long protein coding genes". GLIMMER was the first system that used the interpolated Markov model to identify coding regions. The GLIMMER software is open source and is maintained by Steven Salzberg, Art Delcher, and their colleagues at the Center for Computational Biology at Johns Hopkins University. The original GLIMMER algorithms and software were designed by Art Delcher, Simon Kasif and Steven Salzberg and applied to bacterial genome annotation in collaboration with Owen White. == Versions == === GLIMMER 1.0 === First Version of GLIMMER "i.e., GLIMMER 1.0" was released in 1998 and it was published in the paper Microbial gene identification using interpolated Markov model. Markov models were used to identify microbial genes in GLIMMER 1.0. GLIMMER considers the local composition sequence dependencies which makes GLIMMER more flexible and more powerful when compared to fixed-order Markov model. There was a comparison made between interpolated Markov model used by GLIMMER and fifth order Markov model in the paper Microbial gene identification using interpolated Markov models. "GLIMMER algorithm found 1680 genes out of 1717 annotated genes in Haemophilus influenzae where fifth order Markov model found 1574 genes. GLIMMER found 209 additional genes which were not included in 1717 annotated genes where fifth order Markov model found 104 genes."' === GLIMMER 2.0 === Second Version of GLIMMER i.e., GLIMMER 2.0 was released in 1999 and it was published in the paper Improved microbial identification with GLIMMER. This paper provides significant technical improvements such as using interpolated context model instead of interpolated Markov model and resolving overlapping genes which improves the accuracy of GLIMMER. Interpolated context models are used instead of interpolated Markov model which gives the flexibility to select any base. In interpolated Markov model probability distribution of a base is determined from the immediate preceding bases. If the immediate preceding base is irrelevant amino acid translation, interpolated Markov model still considers the preceding base to determine the probability of given base where as interpolated context model which was used in GLIMMER 2.0 can ignore irrelevant bases. False positive predictions were increased in GLIMMER 2.0 to reduce the number of false negative predictions. Overlapped genes are also resolved in GLIMMER 2.0. Various comparisons between GLIMMER 1.0 and GLIMMER 2.0 were made in the paper Improved microbial identification with GLIMMER which shows improvement in the later version. "Sensitivity of GLIMMER 1.0 ranges from 98.4 to 99.7% with an average of 99.1% where as GLIMMER 2.0 has a sensitivity range from 98.6 to 99.8% with an average of 99.3%. GLIMMER 2.0 is very effective in finding genes of high density. The parasite Trypanosoma brucei, responsible for causing African sleeping sickness is being identified by GLIMMER 2.0" === GLIMMER 3.0 === Third version of GLIMMER, "GLIMMER 3.0" was released in 2007 and it was published in the paper Identifying bacterial genes and endosymbiont DNA with Glimmer. This paper describes several major changes made to the GLIMMER system including improved methods to identify coding regions and start codon. Scoring of ORF in GLIMMER 3.0 is done in reverse order i.e., starting from stop codon and moves back towards the start codon. Reverse scanning helps in identifying the coding portion of the gene more accurately which is contained in the context window of IMM. GLIMMER 3.0 also improves the generated training set data by comparing the long-ORF with universal amino acid distribution of widely disparate bacterial genomes."GLIMMER 3.0 has an average long-ORF output of 57% for various organisms where as GLIMMER 2.0 has an average long-ORF output of 39%." GLIMMER 3.0 reduces the rate of false positive predictions which were increased in GLIMMER 2.0 to reduce the number of false negative predictions. "GLIMMER 3.0 has a start-site prediction accuracy of 99.5% for 3'5' matches where as GLIMMER 2.0 has 99.1% for 3'5' matches. GLIMMER 3.0 uses a new algorithm for scanning coding regions, a new start site detection module, and architecture which integrates all gene predictions across an entire genome." Minimum description length === Theoretical and Biological Foundation === The GLIMMER project helped introduce and popularize the use of variable length models in Computational Biology and Bioinformatics that subsequently have been applied to numerous problems such as protein classification and others. Variable length modeling was originally pioneered by information theorists and subsequently ingeniously applied and popularized in data compression (e.g. Ziv-Lempel compression). Prediction and compression are intimately linked using Minimum Description Length Principles. The basic idea is to create a dictionary of frequent words (motifs in biological sequences). The intuition is that the frequently occurring motifs are likely to be most predictive and informative. In GLIMMER the interpolated model is a mixture model of the probabilities of these relatively common motifs. Similarly to the development of HMMs in Computational Biology, the authors of GLIMMER were conceptually influenced by the previous application of another variant of interpolated Markov models to speech recognition by researchers such as Fred Jelinek (IBM) and Eric Ristad (Princeton). The learning algorithm in GLIMMER is different from these earlier approaches. == Access == GLIMMER can be downloaded from The Glimmer home page (requires a C++ compiler). Alternatively, an online version is hosted by NCBI [1]. == How it works == GLIMMER primarily searches for long-ORFS. An open reading frame might overlap with any other open reading frame which will be resolved using the technique described in the sub section. Using these long-ORFS and following certain amino acid distribution GLIMMER generates training set data. Using these training data, GLIMMER trains all the six Markov models of coding DNA from zero to eight order and also train the model for noncoding DNA GLIMMER tries to calculate the probabilities from the data. Based on the number of observations, GLIMMER determines whether to use fixed order Markov model or interpolated Markov model. If the number of observations are greater than 400, GLIMMER uses fixed order Markov model to obtain there probabilities. If the number of observations are less than 400, GLIMMER uses interpolated Markov model which is briefly explained in the next sub section. GLIMMER obtains score for every long-ORF generated using all the six coding DNA models and also using non-coding DNA model. If the score obtained in the previous step is greater than a certain threshold then GLIMMER predicts it to be a gene. The steps explained above describes the basic functionality of GLIMMER. There are various improvements made to GLIMMER and some of them are described in the following sub-sections. === The GLIMMER system === GLIMMER system consists of two programs. First program called build-imm, which takes an input set of sequences and outputs the interpolated Markov model as follows. The probability for each base i.e., A,C,G,T for all k-mers for 0 ≤ k ≤ 8 is computed. Then, for each k-mer, GLIMMER computes weight. New sequence probability is computed as follows. where n is the length of the sequence S x {\displaystyle S_{x}} is the oligomer at position x. I M M 8 ( S x ) {\displaystyle IMM_{8}(S_{x})} , the 8 t h {\displaystyle 8^{th}} -order interpolated Markov model score is computed as "where Y k ( S x − 1 ) {\displaystyle Y_{k}(S_{x-1})} is the weight of the k-mer at position x-1 in the sequence S and P k ( S x ) {\displaystyle P_{k}(S_{x})} is the estimate obtained from the training data of the probability of the base located at position x in the k t h {\displaystyle k^{th}} -order model." The probability of base S x {\displaystyle S_{x}} given the i previous bases is computed as follows. "The value of Y i ( S x ) {\displaystyle Y_{i}(S_{x})} associated with P i ( S x ) {\displaystyle P_{i}(S_{x})} can be regarded as a measure of confidence in the accuracy of this value as an estimate of the true probability. GLIMMER uses two criteria to determine Y i ( S x ) {\displaystyle Y_{i}(S_{x})} . The first of these is simple frequency occurrence in which the number of occurrences of context string S x , i {\displaystyle S_{x,i}} in the training data exceeds a specific threshold value, then Y i ( S x ) {\displaystyle Y_{i}(S_{x})} is set to 1.0. The current default value for threshold is 400, which gives 95% confidence. When there are insufficient sample occurrences of a context string, build-imm employ additional criteria to determine Y {\displaystyle Y} value. For a

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