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Hence, the residuals from Eq. (16) still have pronounced seasonal effects after removing the influence of US macroeconomic news announcement dates (see Table 11 compared to Table 3): The TOM coefficient on day + 1 turns insignificant after controlling for news dates (see parameter (M_{+ 1, t}) in column 2).
Out of the 765 Announcement and News Dates, 69 % are concentrated within two working days of the detected event dates.
There were 765 Announcement or News Dates, out of which 483 were retrieved from ASE and 282 from Naftemporiki (http://www.naftemporiki.gr).
In relevance to Fig. 5 and considering the less accurate procedure of News Retrieval from Naftemporiki, the 282 News Dates is a rather satisfactory result.
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The plaza, officially unnamed (the transportation department, which oversees the area because of its proximity to the bridge, called it Red Brick Park in its latest news release), dates to about 1970, city officials said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com