Academics

Mak Kaboudan

Professor, Sch of Bus

Office: URSB Management & Business , Hornby Hall #209

Phone: 909/748-8772 Campus Ext. 8772

E-mail: mak_kaboudan@redlands.edu

Web: http://bulldog2.redlands.edu/fac/mak_kaboudan/

Portrait

Academic Interests and Areas of Expertise

  • Applications in Computational Methods
  • Business Statistics
  • Business and Economic Forecasting
  • Computational Methods
  • Econometrics and Time Series Analysis
  • Forecasting Applications in Business and Economics
  • Forecasting of Housing Prices
  • Genetic Programming and Neural Networks
  • GIS and Spatial Statistics
  • Macroeconomics
  • Microeconomics
  • Soft Computing

Description of Research

Kaboudan’s early research was on econometric applications building micro- as well as macro-econometric models. After spending a few years (late 1980s and early 1990s) investigating nonlinear phenomena and measuring nonlinearity, his focus was diverted (by the end of the 1990s) to studying and investigating computational techniques and their applications in the field of forecasting business and economic data. Currently, Kaboudan’s writings are in the field of Computational Economics and Finance. He concentrates on forecasting time series as well as spatial and spatiotemporal series in several areas including finance, the US housing market, and sunspot numbers. His current research is on applications of neural networks and genetic algorithms for predicting exchange rates, stock prices, sunspot numbers, home prices, and the S&P Case/Shiller index.

Courses taught at Redlands

  • BUAD 641 Managerial Economics
  • BUAD 648 Applications in Business Statistics
  • BUAD 232 Business Statistics

Degrees Held

  • BS, Cairo University
  • MBA, Marshall University
  • MA, West Virginia University
  • Ph.D., West Virginia University

Previous Teaching Experience

  • BUAD 335 Macroeconomics
  • BUAD 336 Microeconimics
  • GIS 616 Statistics & Spatial Analysis
  • MTHW 145 Business Math

Previous Relevant Work Experience

Associate Professor of Management Science, Penn State University, Smeal College of Business, 1985 – 2001.

Major Awards and Grants received

  • Recipient of the School of Business research grant ($3,300) in 2009-2010.
  • Recipient of the School of Business Excellence in Teaching Award, 2004.

Significant Publications 

Kaboudan, M. (2008). Genetic Programming Forecasting of Real Estate Prices of Residential Single Family Homes in Southern California. Journal of Real Estate Literature 16: 219-239.

Kaboudan, M. and Sarkar, A. (2008) Forecasting prices of single family homes using GIS-defined neighborhoods. Journal of Geographical Systems 10: 23-45. 

Kaboudan, M. (2001). Statistical properties of fitted residuals from genetically evolved models. Journal of Economic Dynamics and Control 25: 1719-1749. 

Kaboudan, M. (2000). Genetic programming prediction of stock prices. Computational Economics 16: 207-236.

Books

Kaboudan, M. (2007). Genetic programming for spatiotemporal forecasting of housing prices. In J.P. Rennard (Ed.), Handbook of Research on Nature-Inspired Computing for Economics and Management (pp.851-868). Hershey, PA: Idea Group, Inc..

Kaboudan, M. (2002). GP Forecasts of stock prices for profitable trading. In Chen, S. (Ed.), Evolutionary Computations in Economics and Finance Vol II (pp.359-382). Heidelberg, Germany: Physica-Verlag.

Kaboudan, M. (1999). Oil revenue and Kuwait’s economy: An econometric approach. In T. Niblock and R.J. Wilson, editors, The Political Economy of the Middle East. Edward Elgar Publishing Limited, Glos, UK.

Kaboudan, M. (1995). Measuring the complexity of nonlinearity by a relative index with application to financial time series. In R. Trippi, editor, Chaos, and Nonlinear Dynamics in the Financial Markets. Irwin Publishing Company, Homewood, IL.

Articles

Kaboudan, M. (2008). Genetic Programming Forecasting of Real Estate Prices of Residential Single Family Homes in Southern California. Journal of Real Estate Literature 16: 219-239. 

Kaboudan, M. (2008). GP versus GLS spatial index models to forecast single-family home prices. New Mathematics and Natural Computing 4: 143-163.

Kaboudan, M. and Sarkar, A. (2008). Forecasting prices of single family homes using GIS-defined neighborhoods. Journal of Geographical Systems 10: 23-45.

Kaboudan, M. (2006). Computational forecasting of wavelet-converted monthly sunspot numbers. Journal of Applied Statistics 33: 925-941.

Kaboudan, M. (2005). Extended daily exchange rates forecasts using wavelet temporal resolutions. New Mathematics and Natural Computing 1: 79-107.

Kaboudan, M. & Liu, Q.( 2004). Forecasting quarterly US demand for natural gas. ITEM (Inf. Technol. Econ. Manag.), Vol. 2. http://www.item.woiz.polsl.pl/ issue2.1/journal2.1.htm

Kaboudan, M.( 2003). Forecasting with computer-evolved model specifications: A genetic programming application. Computers & Operations Research 30: 1661 – 1681.

Kaboudan, M. (2001). Statistical properties of fitted residuals from genetically evolved models. Journal of Economic Dynamics and Control 25: 1719-1749.

Kaboudan, M.( 2000). Genetic programming prediction of stock prices. Computational Economics 16: 207-236.

Kaboudan, M. (1999). A measure of time series predictability using genetic programming applied to stock returns. Journal of Forecasting 18: 345-357.

Kaboudan, M. (1999). Diagnosing chaos by a fuzzy classifier. Fuzzy Sets and Systems 108: 1-10.

Kaboudan, M. (1998). A dynamic-server queuing simulation. Computers & Operations Research 24: 431-439.

Kaboudan, M. (1998). Statistical properties of a time-series-complexity measure applied to stock Returns. Computational Economics 11: 167-187.

Kaboudan, M. (1997). Nontraditional analysis of stock returns. Journal of Applied Statistics 24: 671-688. Kaboudan, M. (1996). Diagnosing time series dynamical structures. Chaos, Solitons & Fractals 7: 977-990.

Kaboudan, M. (1993). A complexity test based on the correlation Integral. Physics Letters A 181: 381-386.

Kaboudan, M. (1990). A subsidy switching model applied to electricity consumption. The Journal of Energy and Development 16: 67-77.

Marzouk, S. and Kaboudan, M. (1989). A retrospective evaluation of environmental protection projects in Kuwait. The Journal of Developing Areas 23: 567-582.

Kaboudan, M. (1989). An econometric model for Zimbabwe's future electricity consumption. Energy, The International Journal 1: 75-85.

Kaboudan, M. (1988). Oil revenues and Kuwait's economy: An econometric approach. The International Journal of Middle Eastern Studies 20: 45-66.

Conference Presentations

Kaboudan, M. (2009). A forecast of the S&P/Case-Shiller Home Price Index for Los Angeles by use of genetic programming-/neural network-multi-agent system. A paper presented during the Society for Computational Economics 15th International Conference on Computing in Economics and Finance, hosted by University of Technology, Sydney, from Thursday, July 16, 2009.

Kaboudan, M. and Sarkar, A. (2008). A GIS framework to forecast residential home prices. 2008 ESRI Business GIS Summit, University of Redlands Academic Program, Chicago, April 27 - 30.

Kaboudan, M. and Sarkar, A. (2007). A GIS framework to forecast residential home prices. American Real Estate Society 23rd Annual Meeting, San Francisco, April 11-14.

Kaboudan, M. (2006). Spatial price index modeling with application to forecasting home prices. International Workshop on Spatial Econometrics and Statistics. LUISS Business School, Rome, 26th May, 2006.

Kaboudan, M. (2005). Computational forecasting of two exchange rates. The 4th International Workshop on Computational Intelligence (CIEF05). Salt Lake City, July 21st, 2005. 

Kaboudan, M. (2005). Wavelets in multi-step-ahead forecasting. The 16th IFAC World Congress, Prague, July 4, 2005.

Kaboudan, M. (2005). Spatiotemporal forecasting of housing prices: A GIS application. The 16th IFAC World Congress, Prague, July 5, 2005.

Kaboudan, M. (2004). Spatiotemporal forecasting of housing prices by use of genetic programming, the 16th Annual Meeting of the Association of Global Business in Cancun Mexico, November 18-21, 2004.

Kaboudan, M. (2004). GP basics. Invited speaker, the International Summer Workshop on the Economic, Financial and Managerial Applications of Computational Intelligence in Taipei, Taiwan, August 16, 2004.

Kaboudan, M. (2004). Wavelets in forecasting. Invited speaker, the International Summer Workshop on the Economic, Financial and Managerial Applications of Computational Intelligence in Taipei, Taiwan, August 18, 2004.

Kaboudan, M. (2004). Spatiotemporal forecasting of neighborhood residential housing prices. Invited speaker, the International Summer Workshop on the Economic, Financial and Managerial Applications of Computational Intelligence in Taipei, Taiwan, August 20, 2004.

Kaboudan, M. (2004). Using Artificial Intelligence to Forecast Sunspot Numbers. Faculty Forum, University of Redlands, September 23.

Kaboudan, M. (2003). Spatial genetic programming forecasting. Invited speaker, University of Redlands/ESRI Colloquium Series, October 15, 2003.

Kaboudan, M. (2003). Forecasting demand for natural gas using GP-econometric integrated systems, The 9th International Conference of The Society for Computational Economics, July 11-13, 2003, University of Washington, Seattle, Washington, USA.

Kaboudan, M. (2003). Genetic programming software to forecast time series, The 9th International Conference of The Society for Computational Economics, July 11-13, 2003, University of Washington, Seattle, Washington, USA.

Kaboudan, M. (2003). A genetic programming framework to measure complexity, the Second Lake Arrowhead Conference on Human Complex Systems, March 22, 2003.

Kaboudan, M. 2003). Using genetic programming to forecast US residential electrical energy, the Second Lake Arrowhead Conference on Human Complex Systems, March 22, 2003.

Kaboudan, M. (2003). Forecasting U.S. residential demand for electricity, ASBBS Conference, Las Vegas, February 22. 2.

Kaboudan, M. (2002). Forecasting solar cycles with GP, Proceedings of Neural, Parallel & Scientific Computations, ISDA 2002, Atlanta GA, August 7-8. 

Kaboudan, M. (2001). Short-term compumetric forecasting of crude oil prices, IFAC Symposium on Modeling and Control of Economic Systems, SME 2001, Klagenfurt, Austria, September 6-8. Proceedings edited by R. Neck in 2003, Elsevier IFAC Publications, 365-370.

Kaboudan, M. (2001). Compumetric forecasting of crude oil prices, Sixth Annual Genetic and Evolutionary Computation Conference (GECCO-2001), Seoul, Korea, May 27-30.

Kaboudan, M. (2000). Evaluation of forecasts produced by genetically evolved models, CEF 2000, Sixth International Conference on Computing in Economics and Finance, Barcelona, July 6-8.

Kaboudan, M. (2000). On optimizing GP financial econometrics, ISF 2000, 20th International Symposium on Forecasting, Lisbon, Portugal, June 21-24.

Kaboudan, M. (2000). Genetic programming forecasting of sunspot numbers, ISF 20th International Symposium on Forecasting, Lisbon, Portugal, June 21-24.

Kaboudan, M. (2000). Using GP to enhance profitable trading. In P. Wang, editor, Proceedings of the Fifth Joint Conference on Information Sciences, Vol. II, 925-928.

Kaboudan, M. (1999). Genetic evolution of regression models for business and economic forecasting. In Proceedings of the 1999 Congress on Evolutionary Computation Meetings, IEEE, Piscataway, NJ.

Kaboudan, M. (1998). A GP approach to distinguish chaotic from noisy signals. In J. Koza, W. Banzhaf, K. Chellapilla, K. Deb, M. Dorigo, D. Fogel, M. Garzon, D. Goldberg, H. Iba, and R. Riolo, editors, Genetic Programming 1998: Proceedings of the Third Annual Conference, Morgan Kaufmann, San Francisco.

Kaboudan, M. and Vance, M. (1998). Statistical evaluation of symbolic regression forecasting of time-series. In Proceedings of the International Federation of Automatic Control Symposium on Computation in Economics, Finance and Engineering: Economic Systems, Cambridge, UK, June 1998.

Kaboudan, M. (1998). Forecasting stock returns using genetic programming in C++. In Proceedings of 11th Annual Florida Artificial Intelligence International Research Symposium, Florida.

Consulting Experience

  • Electricity Forecasting, Gilbert Associates
  • State Econometric Model, State of West Virginia
  • Five-year Economic Plan, Government of Kuwait

Athletics are an important part of student life.
softball player

The University softball field was modeled after the one in "Field of Dreams."

More »