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Search Results (2,113)

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Keywords = wavelet analysis

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16 pages, 4776 KiB  
Article
Terahertz Non-Destructive Testing of Porosity in Multi-Layer Thermal Barrier Coatings Based on Small-Sample Data
by Dongdong Ye, Zhou Xu, Houli Liu, Zhijun Zhang, Peiyong Wang, Yiwen Wu and Changdong Yin
Coatings 2024, 14(11), 1357; https://doi.org/10.3390/coatings14111357 - 25 Oct 2024
Abstract
Accurately characterizing the internal porosity rate of thermal barrier coatings (TBCs) was essential for prolonging their service life. This work concentrated on atmospheric plasma spray (APS)-prepared TBCs and proposed the utilization of terahertz non-destructive detection technology to evaluate their internal porosity rate. The [...] Read more.
Accurately characterizing the internal porosity rate of thermal barrier coatings (TBCs) was essential for prolonging their service life. This work concentrated on atmospheric plasma spray (APS)-prepared TBCs and proposed the utilization of terahertz non-destructive detection technology to evaluate their internal porosity rate. The internal porosity rates were ascertained through a metallographic analysis and scanning electron microscopy (SEM), followed by the reconstruction of the TBC model using a four-parameter method. Terahertz time-domain simulation data corresponding to various porosity rates were generated employing the time-domain finite difference method. In simulating actual test signals, white noise with a signal-to-noise ratio of 10 dB was introduced, and various wavelet transforms were utilized for denoising purposes. The effectiveness of different signal processing techniques in mitigating noise was compared to extract key features associated with porosity. To address dimensionality challenges and further enhance model performance, kernel principal component analysis (kPCA) was employed for data processing. To tackle issues related to limited sample sizes, this work proposed to use the Siamese neural network (SNN) and generative adversarial network (GAN) algorithms to solve this challenge in order to improve the generalization ability and detection accuracy of the model. The efficacy of the constructed model was assessed using multiple evaluation metrics; the results indicate that the novel hybrid WT-kPCA-GAN model achieves a prediction accuracy exceeding 0.9 while demonstrating lower error rates and superior predictive performance overall. Ultimately, this work presented an innovative, convenient, non-destructive online approach that was safe and highly precise for measuring the porosity rate of TBCs, particularly in scenarios involving small sample sizes facilitating assessments regarding their service life. Full article
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11 pages, 2484 KiB  
Article
Mitigating Interobserver Variability in Radiomics with ComBat: A Feasibility Study
by Alessia D’Anna, Giuseppe Stella, Anna Maria Gueli, Carmelo Marino and Alfredo Pulvirenti
J. Imaging 2024, 10(11), 270; https://doi.org/10.3390/jimaging10110270 - 24 Oct 2024
Abstract
This study investigates Intraobserver Features Variability (IFV) in radiomics studies and assesses the effectiveness of the ComBat harmonization method in mitigating these effects. Methods: This study utilizes data from the NSCLC-Radiomics-Interobserver1 dataset, comprising CT scans of 22 Non-Small Cell Lung Cancer (NSCLC) patients, [...] Read more.
This study investigates Intraobserver Features Variability (IFV) in radiomics studies and assesses the effectiveness of the ComBat harmonization method in mitigating these effects. Methods: This study utilizes data from the NSCLC-Radiomics-Interobserver1 dataset, comprising CT scans of 22 Non-Small Cell Lung Cancer (NSCLC) patients, with multiple Gross Tumor Volume (GTV) delineations performed by five radiation oncologists. Segmentation was completed manually (“vis”) or by autosegmentation with manual editing (“auto”). A total of 1229 radiomic features were extracted from each GTV, segmentation method, and oncologist. Features extracted included first order, shape, GLCM, GLRLM, GLSZM, and GLDM from original, wavelet-filtered, and LoG-filtered images. Results: Before implementing ComBat harmonization, 83% of features exhibited p-values below 0.05 in the “vis” approach; this percentage decreased to 34% post-harmonization. Similarly, for the “auto” approach, 75% of features demonstrated statistical significance prior to ComBat, but this figure declined to 33% after its application. Among a subset of three expert radiation oncologists, percentages changed from 77% to 25% for “vis” contouring and from 64% to 23% for “auto” contouring. This study demonstrates that ComBat harmonization could effectively reduce IFV, enhancing the feasibility of multicenter radiomics studies. It also highlights the significant impact of physician experience on radiomics analysis outcomes. Full article
(This article belongs to the Special Issue Advances in Image Analysis: Shapes, Textures and Multifractals)
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15 pages, 5900 KiB  
Article
Research on Region Noise Reduction and Feature Analysis of Total Focus Method Ultrasound Image Based on Branch Pipe Fillet Weld
by Yuqin Wang, Yong Li, Yangguang Bu, Shaohua Dong, Haotian Wei and Jingwei Cheng
Appl. Sci. 2024, 14(21), 9737; https://doi.org/10.3390/app14219737 - 24 Oct 2024
Abstract
As a technological advantage of ultrasonic non-destructive testing, fully focused imaging can accurately feedback the defective characteristics of the inspected object, greatly improving the detection efficiency. This article aims to address the challenges of outdated and low detection rates in the detection technology [...] Read more.
As a technological advantage of ultrasonic non-destructive testing, fully focused imaging can accurately feedback the defective characteristics of the inspected object, greatly improving the detection efficiency. This article aims to address the challenges of outdated and low detection rates in the detection technology of branch pipe fillet welds. The full matrix acquisition (FMC) and total focus method (TFM) ultrasonic detection technology are used for detection and defect image feature analysis. Firstly, a multi-mode, fully focused real-time imaging software system was developed to address the specificity of the detection object; secondly, a phased array detection system based on 64 elements was constructed; finally, a region wavelet denoising method based on TFM images was proposed to solve the problem of artifacts caused by poor coupling; and based on the feature extraction method for a minimum rectangle, we analyzed the size, position, angle, and other information regarding defects. Through experiments, it has been found that this technology can effectively improve the detection efficiency of branch pipe weld defects, with a detection rate of 100%. Based on the partition fusion denoising method, the defect imaging quality can be further improved; at the same time, based on the feature extraction method, the error is 0.1 mm, the length range of various defects is 2.3 mm–6.3 mm, the width range is 0.6 mm–0.8 mm, and the angle range is 52°–75°, which can provide an application basis for the localization, classification, and risk assessment of corner weld defects in branch pipes. Full article
(This article belongs to the Section Acoustics and Vibrations)
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17 pages, 8181 KiB  
Article
Frequency–Time Domain Analysis Based on Electrochemical Noise of Dual-Phase (DP) and Ferrite–Bainite (FB) Steels in Chloride Solutions for Automotive Applications
by Facundo Almeraya-Calderón, Marvin Montoya-Rangel, Demetrio Nieves-Mendoza, Jesús Manuel Jáquez-Muñoz, Miguel Angel Baltazar-Zamora, Laura Landa-Ruiz, Maria Lara-Banda, Erick Maldonado-Bandala, Francisco Estupiñan-Lopez and Citlalli Gaona-Tiburcio
Metals 2024, 14(11), 1208; https://doi.org/10.3390/met14111208 - 23 Oct 2024
Abstract
The automotive industry uses high-strength (HS), low-alloy (HSLA) steels and advanced high-strength steels (AHSSs) to manufacture front and rear rails and safety posts, as well as the car body, suspension, and chassis components of cars. These steels can be exposed to corrosive environments, [...] Read more.
The automotive industry uses high-strength (HS), low-alloy (HSLA) steels and advanced high-strength steels (AHSSs) to manufacture front and rear rails and safety posts, as well as the car body, suspension, and chassis components of cars. These steels can be exposed to corrosive environments, such as in countries where de-icing salts are used. This research aims to characterize the corrosion behavior of AHSSs based on electrochemical noise (EN) [dual-phase (DP) and ferrite–bainite (FB)]. At room temperature, the steels were immersed in NaCl, CaCl2, and MgCl2 solutions and were studied by frequency–time domain analysis using wavelet decomposition, Hilbert–Huang analysis, and recurrence plots (RPs) related to the corrosion process and noise impedance (Zn). Optical microscopy (OM) was used to observe the microstructure of the tested samples. The results generally indicated that the main corrosion process is related to uniform corrosion. The corrosion behavior of AHSSs exposed to a NaCl solution could be related to the morphology of the phase constituents that are exposed to solutions with chlorides. The Zn results showed that DP780 presented a higher corrosion resistance with 918 Ω·cm2; meanwhile, FB780 presented 409 Ω·cm2 when exposed to NaCl. Also, the corrosion mechanism of materials begins with a localized corrosion process spreading to all the surfaces, generating a uniform corrosion process after some exposition time. Full article
(This article belongs to the Special Issue Recent Advances in Corrosion and Protection of Metallic Materials)
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14 pages, 3247 KiB  
Article
Multiscale Damage Identification Method of Beam-Type Structures Based on Node Curvature
by Kai Ye, Shubi Zhang, Qiuzhao Zhang, Rumian Zhong and Wenda Wang
Buildings 2024, 14(11), 3336; https://doi.org/10.3390/buildings14113336 - 22 Oct 2024
Abstract
This paper proposes a multiscale damage identification method for beam-type structures based on node curvature. Firstly, based on the assumption that micro-damage has little effect on stress redistribution and the basic relationship between structural bending moment and curvature, combined with the denoising function [...] Read more.
This paper proposes a multiscale damage identification method for beam-type structures based on node curvature. Firstly, based on the assumption that micro-damage has little effect on stress redistribution and the basic relationship between structural bending moment and curvature, combined with the denoising function of wavelet analysis, the linear matrix equation before and after node curvature damage is solved using the singular value decomposition (SVD) method. Then, the theoretical feasibility of this method is verified with laboratory tests of a simply supported beam. Finally, the damage sensitivity and noise resistance of this method are verified using field measurements of a beam bridge. The results show that the nodal curvature serves as an indicator parameter for damage identification in beam-type structures, enabling the precise localization of damage within these structures. When utilizing a multiscale finite element model for analysis, the nodal curvature enhances the ability to identify both the location and severity of damage within small-scale elements. Furthermore, this method can provide a reference for the damage identification and health monitoring of other types of bridges. Full article
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26 pages, 6697 KiB  
Article
Dynamic Spillovers from US (Un)Conventional Monetary Policy to African Equity Markets: A Time-Varying Parameter Frequency Connectedness and Wavelet Coherence Analysis
by Andrew Phiri and Izunna Anyikwa
J. Risk Financial Manag. 2024, 17(11), 474; https://doi.org/10.3390/jrfm17110474 - 22 Oct 2024
Abstract
Since the implementation of unconventional monetary policies (UMPs) by the US in response to the global financial crisis (GFC) and the COVID-19 pandemic, there have been increasing concerns that these forward guidance and quantitative easing programmes have had spillover effects on global equity [...] Read more.
Since the implementation of unconventional monetary policies (UMPs) by the US in response to the global financial crisis (GFC) and the COVID-19 pandemic, there have been increasing concerns that these forward guidance and quantitative easing programmes have had spillover effects on global equity markets. We specifically question whether the implementation of these UMPs have had spillovers to African equities, which have been previously speculated to be decoupled from global markets and shocks. Time-varying-parameter (TVP) frequency connectedness and wavelet coherency methods were used to examine the dynamic time-frequency spillovers between daily time series of the US shadow short rate and African equities returns/volatility between 1 January 2007 and 31 March 2023. On one hand, the TVP frequency connectedness analysis reveals robust long-run spillovers from US monetary policy to African equity markets during specific periods: 2009, 2013, 2020, and 2021. These coincide with instances when the Federal Reserve announced their transition from conventional to unconventional monetary practices and vice versa. On the other hand, the wavelet analysis provides insights into the ‘sign’ of the spillovers, indicating mixed phase dynamics during UMPs responding to the GFC. In contrast, anti-phase or negative co-movements characterize UMPs implemented during the COVID-19 pandemic, implying that these policies increased both returns and volatilities to African equities. Altogether, we conclude that US UMP has increasing deteriorated market efficiency and amplified portfolio risk in African equities whilst during ‘normalization’ periods US monetary policy has little transmission effect. Full article
(This article belongs to the Section Financial Markets)
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15 pages, 3766 KiB  
Article
Mechanisms Underlying the Changes in Sporadic E Layers During Sudden Stratospheric Warming
by Haiyang Zheng, Hanxian Fang, Chao Xiao, Hongtao Huang, Die Duan and Ganming Ren
Atmosphere 2024, 15(10), 1258; https://doi.org/10.3390/atmos15101258 - 21 Oct 2024
Abstract
During sudden stratospheric warming (SSW) events, significant modifications occur, not only in the neutral atmosphere, but also in the ionosphere. Specifically, sporadic E layers in the mesosphere and lower thermosphere regions significantly disrupt satellite communication. Although research has frequently focused on ionospheric alterations [...] Read more.
During sudden stratospheric warming (SSW) events, significant modifications occur, not only in the neutral atmosphere, but also in the ionosphere. Specifically, sporadic E layers in the mesosphere and lower thermosphere regions significantly disrupt satellite communication. Although research has frequently focused on ionospheric alterations during SSW events, detailed studies on sporadic E layers remain limited. Examining these variations during SSW events could enhance our understanding of the interaction mechanisms between the ionosphere and the neutral atmosphere, and provide insights into the patterns of sporadic E layer alterations. This study analyzed the behavior of sporadic E layers during the 2008/2009 winter SSW period using data from three Japanese stations and satellite observations. The principal findings included the following: (1) The enhancement in the critical frequency of the sporadic E layers was most notable following the transition from easterly to westerly winds at 60° N at a 10 hPa altitude, accompanied by quasi 6-day and quasi 16-day oscillations in frequency. (2) The daily average zonal and meridional wind speeds in the MLT region also exhibited quasi 6-day and quasi 16-day oscillations, aligning with the observed periodicities in the critical frequency of the sporadic E layers. (3) Planetary waves were shown to modulate the amplitude of diurnal and semidiurnal tides, influencing the sporadic E layers. Furthermore, a wavelet analysis of foEs data with a time resolution of 0.25 h demonstrated that planetary waves also modulate the frequency of diurnal tides, thereby affecting the sporadic E layers. This research contributes to a deeper understanding of the formation mechanisms and prediction of sporadic E layer behavior. Full article
(This article belongs to the Special Issue Ionospheric Irregularity)
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17 pages, 9091 KiB  
Article
An Updated Analysis of Long-Term Sea Level Change in China Seas and Their Adjacent Ocean with T/P: Jason-1/2/3 from 1993 to 2022
by Lingling Wu, Jiajia Yuan, Zhendong Wu, Liyu Hu, Jiaojiao Zhang and Jianpin Sun
J. Mar. Sci. Eng. 2024, 12(10), 1889; https://doi.org/10.3390/jmse12101889 - 21 Oct 2024
Abstract
This study analyzes sea level changes (SLCs) in China seas and their adjacent ocean (CSO) using data from the TOPEX/Poseidon and Jason-1/2/3 satellite altimetry missions from 1993 to 2022. A 30-year time series of sea level anomalies (SLAs) is established, with trends, spatial [...] Read more.
This study analyzes sea level changes (SLCs) in China seas and their adjacent ocean (CSO) using data from the TOPEX/Poseidon and Jason-1/2/3 satellite altimetry missions from 1993 to 2022. A 30-year time series of sea level anomalies (SLAs) is established, with trends, spatial distribution, and periodicities analyzed through least squares linear fitting, Kriging interpolation, and wavelet analysis. The average yearly sea level rise in the CSO is 3.87 mm, with specific rates of 4.15 mm/yr in the Bohai Sea, 3.96 mm/yr in the Yellow Sea, 3.54 mm/yr in the East China Sea, and 4.09 mm/yr in the South China Sea. This study examines the spatiotemporal variations in SLAs and identifies an annual primary cycle, along with a new periodicity of 11 years. Utilizing 30 years of satellite observation data, particularly the newer Jason-3 satellite data, this reanalysis reveals new findings related to cycles. Overall, the research updates previous studies and provides valuable insights for further investigations into China’s marine environment. Full article
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32 pages, 7913 KiB  
Article
Underwater Small Target Classification Using Sparse Multi-View Discriminant Analysis and the Invariant Scattering Transform
by Andrew Christensen, Ananya Sen Gupta and Ivars Kirsteins
J. Mar. Sci. Eng. 2024, 12(10), 1886; https://doi.org/10.3390/jmse12101886 - 21 Oct 2024
Abstract
Sonar automatic target recognition (ATR) systems suffer from complex acoustic scattering, background clutter, and waveguide effects that are ever-present in the ocean. Traditional signal processing techniques often struggle to distinguish targets when noise and complicated target geometries are introduced. Recent advancements in machine [...] Read more.
Sonar automatic target recognition (ATR) systems suffer from complex acoustic scattering, background clutter, and waveguide effects that are ever-present in the ocean. Traditional signal processing techniques often struggle to distinguish targets when noise and complicated target geometries are introduced. Recent advancements in machine learning and wavelet theory offer promising directions for extracting informative features from sonar return data. This work introduces a feature extraction and dimensionality reduction technique using the invariant scattering transform and Sparse Multi-view Discriminant Analysis for identifying highly informative features in the PONDEX09/PONDEX10 datasets. The extracted features are used to train a support vector machine classifier that achieves an average classification accuracy of 97.3% using six unique targets. Full article
(This article belongs to the Section Ocean Engineering)
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22 pages, 4548 KiB  
Article
MODIS Evapotranspiration Forecasting Using ARIMA and ANN Approach at a Water-Stressed Irrigation Scheme in South Africa
by Mbulelo Phesa, Nkanyiso Mbatha and Akinola Ikudayisi
Hydrology 2024, 11(10), 176; https://doi.org/10.3390/hydrology11100176 - 21 Oct 2024
Abstract
The forecasting of evapotranspiration (ET) in some water-stressed regions remains a major challenge due to the lack of reliable and sufficient historical datasets. For efficient water balance, ET remains the major component and its proper forecasting and quantifying is of the utmost importance. [...] Read more.
The forecasting of evapotranspiration (ET) in some water-stressed regions remains a major challenge due to the lack of reliable and sufficient historical datasets. For efficient water balance, ET remains the major component and its proper forecasting and quantifying is of the utmost importance. This study utilises the 18-year (2001 to 2018) MODIS ET obtained from a drought-affected irrigation scheme in the Eastern Cape Province of South Africa. This study conducts a teleconnection evaluation between the satellite-derived evapotranspiration (ET) time series and other related remotely sensed parameters such as the Normalised Difference Vegetation Index (NDVI), Normalised Difference Water Index (NDWI), Normalised Difference Drought Index (NDDI), and precipitation (P). This comparative analysis was performed by adopting the Mann–Kendall (MK) test, Sequential Mann–Kendall (SQ-MK) test, and Multiple Linear Regression methods. Additionally, the ET detailed time-series analysis with the Keiskamma River streamflow (SF) and monthly volumes of the Sandile Dam, which are water supply sources close to the study area, was performed using the Wavelet Analysis, Breaks for Additive Seasonal and Trend (BFAST), Theil–Sen statistic, and Correlation statistics. The MODIS-obtained ET was then forecasted using the Autoregressive Integrated Moving Average (ARIMA) and Artificial Neural Networks (ANNs) for a period of 5 years and four modelling performance evaluations such as the Root Mean Square Error (RMSE), Mean Absolute Percentage Error (MAPE), Mean Absolute Error (MAE), and the Pearson Correlation Coefficient (R) were used to evaluate the model performances. The results of this study proved that ET could be forecasted using these two time-series modeling tools; however, the ARIMA modelling technique achieved lesser values according to the four statistical modelling techniques employed with the RMSE for the ARIMA = 37.58, over the ANN = 44.18; the MAE for the ARIMA = 32.37, over the ANN = 35.88; the MAPE for the ARIMA = 17.26, over the ANN = 24.26; and for the R ARIMA = 0.94 with the ANN = 0.86. These results are interesting as they give hope to water managers at the irrigation scheme and equally serve as a tool to effectively manage the irrigation scheme. Full article
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29 pages, 22321 KiB  
Article
Model Design of Inter-Turn Short Circuits in Internal Permanent Magnet Synchronous Motors and Application of Wavelet Transform for Fault Diagnosis
by Chin-Sheng Chen, Chia-Jen Lin, Fu-Jen Yang and Feng-Chieh Lin
Appl. Sci. 2024, 14(20), 9570; https://doi.org/10.3390/app14209570 - 20 Oct 2024
Viewed by 291
Abstract
The challenge in developing an AI deep learning model for motor health diagnosis is hampered by the lack of sufficient and representative datasets, leading to considerable time and resource consumption in research. Therefore, this paper focuses on the analysis of the second harmonic [...] Read more.
The challenge in developing an AI deep learning model for motor health diagnosis is hampered by the lack of sufficient and representative datasets, leading to considerable time and resource consumption in research. Therefore, this paper focuses on the analysis of the second harmonic component fault characteristic induced by inter-turn short circuits (ITSCs) in phase voltages. First, it establishes a coil inter-turn short-circuit fault (ITSCF) model of the motor to identify the twice-frequency q-axis voltage error characteristics. Subsequently, it develops simulation programs by integrating control and fault models in MATLAB/Simulink/Simscape to observe and analyze the q-axis voltage and circulating current errors caused by the short circuit. Finally, a discrete wavelet transform method is established to analyze the q-axis synchronous reference frame voltage. By applying the energy-based method to extract the twice-frequency voltage error characteristics, the approach successfully detects the error features and confirms ITSCF in the motor. The contributions of this paper include not only the development of an ITSCF characteristic model for the motor but also the successful application of wavelet transform to effectively analyze the time-frequency characteristics of its signals. This approach can serve as a valuable reference for the design of deep learning models in future AI applications. Full article
(This article belongs to the Special Issue Fault Diagnosis and Health Monitoring of Mechanical Systems)
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16 pages, 6700 KiB  
Article
Analysis of the Response Relationship Between PWV and Meteorological Parameters Using Combined GNSS and ERA5 Data: A Case Study of Typhoon Lekima
by Ying Gao and Xiaolei Wang
Atmosphere 2024, 15(10), 1249; https://doi.org/10.3390/atmos15101249 - 18 Oct 2024
Viewed by 355
Abstract
Precipitable water vapor (PWV) is a crucial parameter of Earth’s atmosphere, with its spatial and temporal variations significantly impacting Earth’s energy balance and weather patterns. Particularly during meteorological disasters such as typhoons, PWV and other meteorological parameters exhibit dramatic changes. Studying the response [...] Read more.
Precipitable water vapor (PWV) is a crucial parameter of Earth’s atmosphere, with its spatial and temporal variations significantly impacting Earth’s energy balance and weather patterns. Particularly during meteorological disasters such as typhoons, PWV and other meteorological parameters exhibit dramatic changes. Studying the response relationship between PWV and typhoon events, alongside other meteorological parameters, is essential for meteorological and climate analysis and research. To this end, this paper proposes a method for analyzing the response relationship between PWV and meteorological parameters based on Wavelet Coherence (WTC). Specifically, PWV and relevant meteorological parameters were obtained using GNSS and ERA5 data, and the response relationships between PWV and different meteorological parameters before and after typhoon events were studied in time–frequency domain. Considering that many GNSS stations are not equipped with meteorological monitoring equipment, this study interpolated meteorological parameters based on ERA5 data for PWV retrieval. In the experimental section, the accuracy of ERA5 meteorological parameters and the accuracy of PWV retrieval based on ERA5 were first analyzed, verifying the feasibility and effectiveness of this approach. Subsequently, using typhoon Lekima as a case study, data from six GNSS stations affected by the typhoon were selected, and the corresponding PWV was retrieved using ERA5. The WTC method was then employed to analyze the response relationship between PWV and meteorological parameters before and after the typhoon’s arrival. The results show that the correlation characteristics between PWV and pressure can reveal different stages before and after the typhoon passes, while the local characteristics between PWV and temperature better reflect regional precipitation trends. Full article
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28 pages, 11837 KiB  
Article
The Spatiotemporal Variations in and Propagation of Meteorological, Agricultural, and Groundwater Droughts in Henan Province, China
by Huazhu Xue, Ruirui Zhang, Wenfei Luan and Zhanliang Yuan
Agriculture 2024, 14(10), 1840; https://doi.org/10.3390/agriculture14101840 - 18 Oct 2024
Viewed by 292
Abstract
As the global climate changes and droughts become more frequent, understanding the characteristics and propagation dynamics of drought is critical for monitoring and early warning. This study utilized the Standardized Precipitation Evapotranspiration Index (SPEI), Vegetation Condition Index (VCI), and Groundwater Drought Index (GDI) [...] Read more.
As the global climate changes and droughts become more frequent, understanding the characteristics and propagation dynamics of drought is critical for monitoring and early warning. This study utilized the Standardized Precipitation Evapotranspiration Index (SPEI), Vegetation Condition Index (VCI), and Groundwater Drought Index (GDI) to identify meteorological drought (MD), agricultural drought (AD), and groundwater drought (GD), respectively. Sen’s slope method and Mann–Kendall trend analysis were used to examine drought trends. The Pearson correlation coefficient (PCC) and theory of run were utilized to identify the propagation times between different types of droughts. Cross-wavelet transform (XWT) and wavelet coherence (WTC) were applied to investigate the linkages among the three types of droughts. The results showed that, from 2004 to 2022, the average durations of MD, AD, and GD in Henan Province were 4.55, 8.70, and 29.03 months, respectively. MD and AD were gradually alleviated, while GD was exacerbated. The average propagation times for the different types of droughts were as follows: 6.1 months (MD-AD), 4.4 months (MD-GD), and 16.3 months (AD-GD). Drought propagation exhibited significant seasonality, being shorter in summer and autumn than in winter and spring, and there were close relationships among MD, AD, and GD. This study revealed the characteristics and propagation dynamics of different types of droughts in Henan Province, providing scientific references for alleviating regional droughts and promoting the sustainable development of agriculture and food production. Full article
(This article belongs to the Section Ecosystem, Environment and Climate Change in Agriculture)
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26 pages, 1702 KiB  
Article
Time–Frequency Co-Movement of South African Asset Markets: Evidence from an MGARCH-ADCC Wavelet Analysis
by Fabian Moodley, Sune Ferreira-Schenk and Kago Matlhaku
J. Risk Financial Manag. 2024, 17(10), 471; https://doi.org/10.3390/jrfm17100471 - 18 Oct 2024
Viewed by 336
Abstract
The growing prominence of generating a well-diversified portfolio by holding securities from multi-asset markets has, over the years, drawn criticism. Various financial market events have caused asset markets to co-move, especially in emerging markets, which reduces portfolio diversification and enhances return losses. Consequently, [...] Read more.
The growing prominence of generating a well-diversified portfolio by holding securities from multi-asset markets has, over the years, drawn criticism. Various financial market events have caused asset markets to co-move, especially in emerging markets, which reduces portfolio diversification and enhances return losses. Consequently, this study examines the time–frequency co-movement of multi-asset classes in South Africa by using the Multivariate Generalized Autoregressive Conditional Heteroscedastic–Asymmetrical Dynamic Conditional Correlation (MGARCH-DCC) model, Maximal Overlap Discrete Wavelet Transformation (MODWT), and the Continuous Wavelet Transform (WTC) for the period 2007 to 2024. The findings demonstrate that the equity–bond, equity–property, equity–gold, bond–property, bond–gold, and property–gold markets depict asymmetrical time-varying correlations. Moreover, correlation in these asset pairs varies at investment periods (short-term, medium-term, and long-term), with historical events such as the 2007/2008 Global Financial Crisis (GFC) and the COVID-19 pandemic causing these asset pairs to co-move at different investment periods, which reduces diversification properties. The findings suggest that South African multi-asset markets co-move, affecting the diversification properties of holding multi-asset classes in a portfolio at different investment periods. Consequently, investors should consider the holding periods of each asset market pair in a portfolio as they dictate the level of portfolio diversification. Investors should also remember that there are lead–lag relationships and risk transmission between asset market pairs, enhancing portfolio volatility. This study assists investors in making more informed investment decisions and identifying optimal entry or exit points within South African multi-asset markets. Full article
(This article belongs to the Special Issue Portfolio Selection and Risk Analytics)
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21 pages, 1886 KiB  
Article
Comparative Analysis of Gini Coefficient, GDP, Energy Consumption, and Transportation Modes on CO2 Using NARDL (Nonlinear Distributed Lag Autoregressive Model) for the USA
by Ayşe Özge Artekin and Salih Kalayci
Sustainability 2024, 16(20), 9030; https://doi.org/10.3390/su16209030 - 18 Oct 2024
Viewed by 382
Abstract
The significance of the transportation sector, notably in terms of the carbon emission factor, is an undeniable fact. Along with this fact, individuals’ transportation preferences depend on their income levels. In this context, when the issue is considered, the income level in the [...] Read more.
The significance of the transportation sector, notably in terms of the carbon emission factor, is an undeniable fact. Along with this fact, individuals’ transportation preferences depend on their income levels. In this context, when the issue is considered, the income level in the USA pushes people toward cheap air travel. The main reason for this is that it is cheap, accessible, and transports one to their destinations quickly. Thus, from the perspective of road transportation, bus transportation is popular among the public. The reason why both air and road transportation modes are empirically evaluated together through income distribution is due to the preference of the US people. In this context, the effectiveness of active transportation on both air and highways in the USA from 1975 to 2023 is investigated by taking into consideration the income distribution. Empirical findings obtained through the FMOLS, DOLS, CCR, and NARDL models demonstrate that all independent variables, including GDP, energy use, air transportation, and the Gini coefficient, affect carbon dioxide emissions. In addition, wavelet analysis is performed to comprehend the form of and fluctuations in the series, which are vital to monitoring the periodical changes. Full article
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