Ichinose, Takafumi; Hirobayashi, Shigeki; Misawa, Tadanobu - In: Applied Financial Economics 22 (2012) 3, pp. 197-208
Although research involving economic time series forecasting based on virtual market models is frequently conducted, long-term forecasting is difficult due to many factors that affect actual markets. However, as exemplified by the business cycle and Elliot Wave theories in economics, it is...