Page 47 - 34-1
P. 47

NTU Management Review Vol. 34 No. 1 Apr. 2024




               The skewness of      (         (                         ))
               The skewness of      (         (                         ))
                                        ��
                                        ��
                      The skewness of      (         (                         ))   �
                                                        �
                                               �            (    )�
                                        ��
                                               �            (    )�
                                   (                         ) =  �    �
                             ��
                                   (                         ) =
                             ��
               The skewness of      (         (                      �
                                       �� ��     �            (    )�
                                              �V(    )�
               The skewness of      (         (                         ))      ))  � � �
                                              �V(    )��
                                   (                         ) =      �            (    )�
                             ��
                                                     �
                                �
                                             �            (    )� �
                                         �
                                �)    3    (     )    (    ) + 2     (    )
                                (    
                                (     )    3    (     )    (    ) + 2     (    )
                                         �
                                   (                         )
                                  (                         ) ==  �V(    )�� �
                          =
                            �� ��
                                                  � �
                          =     �        �   �
                                             � �V(    )�� � �
                                              �V(    )� 2     (    )
                                (     )    3    (     )    (    ) +
                                       �V(    )��
                          =            �V(    )��
                               �
                                             �
                                        �
                                                   �
                               (     )    3    (     )    (    ) + 2     (    )
                                �
                                                      �
                                         �
                                (     )    3    (     )    (    ) + 2     (    )


                         =   �    (       1)�    (     +2) sinh(3Ω) +3 sinh(Ω)�
                                       �V(    )��
                          =
                              �    (       1)�    (     +2) sinh(3Ω) +3 sinh(Ω)�
                                            �
                                                                           ,
                          =                  �                           
                          =           �V(    )��          �
                                       �V(    )��
                                        �2�     cosh(2Ω) +1�
                              �    (       1)�    (     +2) sinh(3Ω) �+3 sinh(Ω)�   
                                        �2�     cosh(2Ω) +1�
                          =
               where the numerator part of the skewness is   �             
                             �    (       1)�    (     +2) sinh(3Ω) +3 sinh(Ω)�
               where the numerator part of the skewness is
                              �    (       1)�    (     +2) sinh(3Ω) +3 sinh(Ω)�
                                        �2�     cosh(2Ω) +1�
                         =
                          =
                             �)    3E(     )E(    ) + 2     (    )

                                      �2�     cosh(2Ω) +1�
                             �
                                       �
                                                   �
                          E(    
               where the numerator part of the skewness is   �  �

                                                   �
                                       �
                          E(     )    3E(     )E(    ) + 2     (    )  +1�
                                        �2�     cosh(2Ω)
                          E(     )    3E(     )E(    ) + 2     (    )

              where the numerator part of the skewness is  �  3                   �
               where the numerator part of the skewness is   3  �                 �
                                       �
                             �
                                             3
                                 �
                              1
                                                 �
                                 �
                                                 �
                                             3
                              1
                         E(     )    3E(     )E(    ) + 2     (    )   �cosh(2Ω)    1) �     �sinh(Ω)�
                          =
                            �      �sinh(3Ω) +      �sinh(Ω) + (    
                                                �
                                     �
                          =  4   1       �sinh(3Ω) +      �sinh(Ω) + (     cosh(2Ω)    1) �     �sinh(Ω)�
                          E(     )    3E(     )E(    ) + 2     (    )
                                                            2
                                                   �
                             � 4
                                       �
                                             4
                                             4 3
                                                 �
                                                            2 3
                                                                                  �
                                 �
                                                                �
                          =   1      �sinh(3Ω) +      �sinh(Ω) + (     cosh(2Ω)    1) ��     �sinh(Ω)�
                                                         3
                                           3
                                               �
                                �
                                            �
                                                             �
                                             3 4
                                                 �(Ω)
                         =   1 4      �sinh(3Ω) +  �     �sinh(Ω) + (     cosh(2Ω)    1) �     �sinh(Ω)�
                                                            3 2
                                 �
                                                                                  �
                                                 � �
                                          2     �sinh
                                          2     �sinh (Ω)
                                                                �
                                                         2
                          =  4       �sinh(3Ω)  4 +      �sinh(Ω) + (     cosh(2Ω)    1) �     �sinh(Ω)�
                             4              � 4             2
                                                 �
                                          1
                            3  �          2      � sinh (Ω)   3  �        3  �          3  �
                                              �
                                          � �
                                        2     �sinh (Ω)
                                                                          3
                               �
                                                                                           �
                                                             �
                                                          3
                                                                             �
                                                                                        3
                                               �
                          =  3       �sinh(Ω)     1  �      �sinh(3Ω) +      �sinh(3Ω)         �sinh(Ω)         �sinh(Ω)
                          =  4       �sinh(Ω)         �sinh(3Ω) +      �sinh(3Ω)         �sinh(Ω)         �sinh(Ω)
                                          4 sinh (Ω)
                                                          4
                                          4
                                                                                        2
                                                                          4
                                                 �
                                                                                        2 3
                                                                          4 3
                                                          4 3
                                          1
                            4 3
                                                                                           �
                                                             �
                                          2     � �
                               �
                                                                             �
                                            �
                                                                                       �
                                                                      3
                              �
                                         1
                                                           �
                                                                         �
                                                       3
                                                                                    3
                          = 3       �sinh(Ω)         �sinh(3Ω) +      �sinh(3Ω)         �sinh(Ω)         �sinh(Ω)
                                             �
                                                         3
                                                            �
                                         1
                                                         3 3 4 �sinh(Ω)
                                                                          3 4
                                                                                        3 2
                         = 4      �sinh(Ω)     1      �sinh(3Ω) +      �sinh(3Ω)         �sinh(Ω)         �sinh(Ω)
                                                                                           �
                               �
                            3
                                                                             �
                                                            � �
                                             � �
                                               �sinh(3Ω) +      �sinh(Ω)
                                          1 4 �sinh(3Ω) +     
                                         4
                           4                           4              4             2
                          =        �sinh(Ω)         �sinh(3Ω) +      �sinh(3Ω)         �sinh(Ω)         �sinh(Ω)
                                         2
                                                         2
                                                            �
                                             �
                                                         2 4
                            4           1  1  �       3  3 �              4             2
                                         2 4
                                          �      �sinh(3Ω) +      �sinh(Ω)
                                          �
                              1                 �sinh(3Ω) +      �sinh(Ω)  �
                                                            3
                                              �    3     + 2)    sinh(Ω)     �(        2       1)
                              1
                          =    sinh(3Ω)     �(        3     + 2)    sinh(Ω)     �(        2       1)
                          =    sinh(3Ω)     1 2  ��   2  3 2  3 �     �   � �
                                        2 �(    
                                               �sinh(3Ω) +      �sinh(Ω)
                                                            4
                              4
                              4 1
                                                            4 3
                                          �
                                                                      �
                                        �2
                                                                       � �(        2       1)
                                                         3 2
                             1
                                                                   �
                                              �
                                                                          �
                         =    sinh(3Ω)     �(        3     + 2)    sinh(Ω)     �(        2       1)
                          =    sinh(3Ω)     �(        3     + 2)    sinh(Ω)    
                                            �
                                 �
                              1
                                                         4 3 4
                                 �
                              1 4
                                          � �
                                                                      �
                          =    41      �(       1) ��    (     +2)sinh(3Ω) + 3sinh(Ω)�    �
                          =         �(       1) �    (     +2)sinh(3Ω) + 3sinh(Ω)�       2       1)
                                              �
                          =    sinh(3Ω)     �(        3     + 2)    sinh(Ω)     �(    
                              4
                              1
                              4 � �
                                                            4
                          =         �(       1) �    (     +2)sinh(3Ω) + 3sinh(Ω)�  
                             14
                                        � �
               where     =         �(       1) �    (     +2)sinh(3Ω) + 3sinh(Ω)�    ,
               where
                             41 4
                                 �
                                          �
                                                           1
               where
              where       =         �(       1) �    (     +2)sinh(3Ω) + 3sinh(Ω)�  
                                                            �sinh(3Ω)    3sinh(Ω)�  
                                                           1
                                                   �
                              4
                                                   �(Ω) =
                                               sinh
                                                            �sinh(3Ω)    3sinh(Ω)�  
                                                           4
               where                           sinh (Ω) = �sinh(3Ω)    3sinh(Ω)�  
                                                        1
                                                           4 1
                                                            �sinh(3Ω)    3sinh(Ω)�  
                                                 � �
                                             sinh (Ω) = =  1 = �sinh(3Ω)    sinh(Ω)�  
                                               sinh (Ω)
                                                               1
                                                               1
                                                        4 4
                                            sinh(Ω)cosh(2Ω)
                                                            �sinh(3Ω)    3sinh(Ω)�    ,
                                                   �
                                            sinh(Ω)cosh(2Ω) = �sinh(3Ω)    sinh(Ω)�  
                                                            1 2
                                               sinh (Ω) =
                                                               2 1
                                                           4
                                            sinh(Ω)cosh(2Ω) = �sinh(3Ω)    sinh(Ω)�  
               and                        sinh(Ω)cosh(2Ω) = �sinh(3Ω)    sinh(Ω)�  
                                                            2
               and
                                                               1 2
              and            �        1     sinh(Ω)cosh(2Ω) = �sinh(3Ω)    sinh(Ω)�    ,
                                                                     �
               and
                                                                         
                                                       
                                                     1
                                                                     �
                                                                  � �� �
                                                     1
                                                       
                                      1
                                                                         
                                                               2
                          E(    
                             �) =E ��        �
                                                               
                                                   1 2
               and        E(     ) =E ��        �                    �           �                      �� �
                                                 �           �             
                          E(     ) =E ��        �                 
                                                                     �
                                    1 2
                                                                �� �
                                                     2 1
                                      2 1
                            �
                                                                   �� �
                                               �           �  
                             �
                          E(     ) =E  2 ��        �            3     �  2           �                     �        3              
                                                     1 2 3
                            1
                                    3    
                                    3     1 2
                                                       
                                                                               
                                                      3
                                                                                         
                                                                              3
                                                                             
                                                                          �
                          =  1 �        �  � E �       � 3     ��           �  � E �       � �� +        � � E �       �        ��
                                      � E �       � 3     �           �  
                          E(     ) =E
                                                                   ��
                                     �   3     ��        �
                                                                � E �       � �� +        � � E �       �
                                                                                                  ��
                                                  ��           �
                                                                
                                                                                                 
                                                                           3
                                                    3
                          = 1
                                                                                     
                                                                  
                            8
                                                      8
                                                                                  
                                                                                                           
                                        � E �       � 3    
                                                                              8 3
                         = 1              2               23                     8            ��      
                                                                                              
                            8        �   3    
                                                      8
                                                     ��           �
                                                                   � E �       � �� +        � � E �       �
                          = 8        �       � E �            �  3     �� 8           �  � E �        8              ��
                                                                          � �� +        � � E �       �
                                                               
                                         1
                                                             3    
                            1 8     3                � 3     � E �       �   3                 ��              3 8                        
                                         1
                                        
                                                3         
                                                      3 8
                                                          3    
                                                 � 3    
                                        1
                          =          �  � E �       �       ��                 ��   ��  � E �       � �� +        � � E �       �  ��
                                         8
                                                  � E �       � �     
                                         8        � 3    
                                                     � E �       �
                            8                1        8      3                 8                    
                                                                  
                                                  3
                            1       � �  3         �       � E �       �       �  1  ��  �
                                        8           � �
                                                               �� �      �
                                                                
                            1
                                                  3
                                                                  �
                                                        �
                                                3    
                                        3 1 8��
                               ��� �      �        
                          = 1      ���      �         ���      � +      �  1  1   3     ��      �
                                                     � �     �        
                                                  � +           �         ��
                                      3
                                                3
                          =
                                          8
                                                            ��
                         =  8           ���      �         3 ��       �        8 � � E �       � 8       �  �
                            8 1
                                                  8 3
                                    �
                                               �
                                                        �
                                                � +           �         1
                                                            8     
                                        8 8
                                                         8
                                      8
                                                8
                                                     �
                                  
                          = 8   1 ���      �          ��      � +           �          ��      �
                                 �
                                                 �
                                             3
                                �      �sinh(3Ω) +      �sinh(Ω)  
                              1
                                 �
                                                  3
                                           3
                          =   1 1 8  ���  �  3 8  ��  3� �  � 8  �  �  1 8  ��  �
                                    �sinh(3Ω) +      �sinh(Ω)           
                                       �        
                                                  � +     
                                             4
                                                     39
                         = = = 4           �sinh(3Ω) +      �sinh(Ω)         �       �
                              1
                                             4 3
                                 �
                                                 �
                                                  8
                                        8
                            4 4 8       �sinh(3Ω) +      �sinh(Ω)     8
                                           4
                                        �).
                          =
                                        �
                                      ⁄
                    ⁄
               Ω=          , and      =       (1     
              Ω=          , and      =       (1      ).   �
                              1 4
               Ω=          , and      =       (1      ).  3 4
                                      ⁄ �
                                 �
                    ⁄ ⁄
                                    ⁄
                                    �sinh(3Ω) +      �sinh(Ω)  
                    Ω=          , and      =       (1      ).
                          =
                                        �
                    ⁄
                                      ⁄
                             4
                      Ω=          , and      =       (1      ).   4
                                        �
                    ⁄                 ⁄                      35   35
                                                                35

                                                                35


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