In this paper, we discuss a fully Bayesian quantile inference using Markov Chain Monte Carlo (MCMC) method for longitudinal data models with random effects. Under the assumption of error term subject to asymmetric Laplace distribution, we establish a hierarchical Bayesian model and obtain the posterior distribution of unknown parameters at τ-th level. We overcome the current computational limitations using two approaches. One is the general MCMC technique with Metropolis–Hastings algorithm and another is the Gibbs sampling from the full conditional distribution. These two methods outperform the traditional frequentist methods under a wide array of simulated data models and are flexible enough to easily accommodate changes in the number of random effects and in their assumed distribution. We apply the Gibbs sampling method to analyse a mouse growth data and some different conclusions from those in the literatures are obtained.

Recently, deep-learning-based quantitative investment is playing an increasingly important role in the field of finance. However, due to the complexity of the stock market, establishing effective quantitative investment methods is facing challenges from various aspects because of the complexity of the stock market. Existing research has inadequately utilized stock news information, overlooking significant details within news content. By constructing a deep hybrid model for comprehensive analysis of historical trading data and news information, complemented by momentum trading strategies, this paper introduces a novel quantitative investment approach. For the first time, we fully consider two dimensions of news, including headlines and contents, and further explore their combined impact on modeling stock price. Our approach initially employs fundamental analysis to screen valuable stocks. Subsequently, we built technical factors based on historical trading data. We then integrated news headlines and content summarized through language models to extract semantic information and representations. Lastly, we constructed a deep neural model to capture global features by combining technical factors with semantic representations, enabling stock prediction and trading decisions. Empirical results conducted on over 4000 stocks from the Chinese stock market demonstrated that incorporating news content enriched semantic information and enhanced objectivity in sentiment analysis. Our proposed method achieved an annualized return rate of 32.06% with a maximum drawdown rate of 5.14%. It significantly outperformed the CSI 300 index, indicating its applicability to guiding investors in making more effective investment strategies and realizing considerable returns.

Regional digital transformation has revitalized economic development and revolutionized the employment landscape of the labor force. The study employs a dynamic panel system GMM model to investigate the direct and indirect effects of regional digital transformation on the employment quality of China’s labor force using panel data from 31 mainland provinces. The findings suggest that regional digital transformation initially has a negative impact on employment quality, but that it continues to improve continuously as it progresses, showing a “U-shaped” trend. A nonlinear mediation analysis across industry, sector, and skill levels of the labor force structure uncovers a complex, bridging effect on employment quality. This study provides valuable insights for improving employment policies and promoting full employment, highlighting the dynamic interplay between regional digitization and the labor market.

Digital economy has emerged as one of the primary driving forces for economic globalization. However, assessing digital economy development in a robust and scientific manner remains a great challenge. This paper proposes an evaluation system with measurement errors correction to accurately research the regional differences in and the spatial-temporal evolution characteristics of digital economy development in the Yangtze River Economic Belt (YEB), combining the entropy method, the Dagum–Gini coefficient, an $\sigma$ convergence model and grey correlation analysis. The results present that the digital economy development index in the YEB rose from 2012 to 2021, with the greatest weight being social livelihood benefits. Meanwhile, there were noticeable regional differences in digital economy development in the YEB; in particular, the middle reaches showed obvious convergence. The grey correlation degree between the influence factors and the digital economy development ranged from 0.5286 to 0.9144, demonstrating a robust positive correlation. The theoretical framework of this paper integrates economic development models with advanced statistical analysis techniques, providing a robust analytical perspective for examining the complexities of digital economy evolution. The insights offer a blueprint for policymakers seeking to foster a robust and equitable digital economy, underscoring the potential of data-driven policy formulations in navigating the intricate landscape of economic globalization.