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The purpose of this paper is to test the existence of stylized facts, such as the volatility clustering, heavy tails seen on financial series, long-term dependence and multifractality on the returns of four real estate indexes using different types of indexes: conventional and Islamic by comparing pre and during COVID-19 pandemic.

Firstly, the authors examined the characteristics of the indexes. Secondly, the authors estimated the parameters of the stable distribution. Then, the long memory is detected via the estimation of the Hurst exponents. Afterwards, the authors determine the graphs of the multifractal detrended fluctuation analysis (MF-DFA). Finally, the authors apply the WTMM method.

The results suggest that the real estate indexes are far from being efficient and that the lowest level of multifractality was observed for Islamic indexes.

The inefficiency behavior of real estate indexes gives us an idea about the prediction of the behavior of future returns in these markets on the basis of past informations. Similarly, market participants would do well to reassess their investment and risk management framework to mitigate new and somewhat higher levels of risk of their exposures during the turbulent period.

To the authors’ knowledge, this is the first real estate market study employing STL decomposition before applying the MF-DFA in the context of the COVID-19 crisis. Likewise, the study is the first investigation that focuses on these four indexes.

The purpose of this paper is to apply the earlier enhanced personal profile ontology (e-PPO) developed by the authors as a case study for the appraisal of the lecturers in the department of computer science, University of Uyo, Uyo for the purposes of promotions. The developed e-PPO was a sample smart résumé for the selection of the best among three personnel using linguistic variables and formal rules representing the combination of the criteria and subcriteria was illustrated which was used to allocate competent personnel for software requirement engineering tasks. The need for the use of the smart resume for appraisal purposes was pointed out in the conference paper, calling for the applicant’s data to be inputted into the enhanced personal profile ontology (e-PPO) for personnel appraisa.

Appraisal is a regular review of employees’ performances and their overall contribution to the organization they are working for. The availability of a web application for personnel appraisal requires PPO which includes both static and dynamic features. Personal profile is often modified for several purposes calling for augmentation and annotation when needs arise. Resume is one resulting extract from personal profile and often contain slightly different information based on needs. The urgent preparation of resume may introduce bias and incorrect information for the sole aim of projecting the personnel as being qualified for the available job. Religious and gender biases may sometimes be observed during appointments of new personnel, which may not be the case during appraisals for promotions or reassignment of tasks because such biases become insignificant given the fact that job targets and the skills needed are already set and the appraisals passes through several phases that are not determined by a single individual. This work therefore applied the earlier developed e-PPO for appraisal of the academic staff of the department of computer science, university of Uyo, Uyo, Nigeria. A mixed approach of existing ontologies like Methontology and Neon have been followed in the creation of the e-PPO, which is a constraint-based semantic data model tested using Protégé inbuilt reasoner with its updated plugins. Upon application of e-PPO on personnel appraisals, promotion and selection of employee for specific assignments in any organization is possible using the smart resume.

The use of the smart resume reduces the numerous task that would have been taken up by the human resource team, thereby reducing the processing time for the appraisals. The appraisal task is done void of biases of any kind such as gender and religion.

This work is an extension of the original work done by the authors.