Financial Markets during Economic Crisis
نویسندگان
چکیده
Contemporary financial depression of the financial markets proves high fluctuations of the prices of the stocks. These fluctuations have considerable impact on the values of the financial portfolios. Classical approaches to modeling of the behavior of the prices of the stocks may produce wrong predictions of their future values. That is the reason why we introduce in this paper the fractal market analysis. Fractal structure accepts global determinism and local randomness of the behavior of the financial time series. We will use R/S analysis in this paper. R/S analysis can distinguish fractals from other types of time series, revealing the self-similar statistical structure.
منابع مشابه
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