Stationarity tests are used to detect mean reversion in a certain dataset. Mean Reversion processes suggest a non-random behavior in a time series (Lo and MacKinley, 1988). Previous research has focused on studying mean reversion at stock price level (Debondt and Thaler, 1985; Lindemann et al.,...

Ralph N. Elliott wrote the wave principle in 1938. In 1975 Benoit B. Mandelbrot coined the term fractal and in 1982 published his ideas in "The Fractal Geometry of Nature." The book brought fractals into the mainstream of professional and popular mathematics. In February 1999, Benoit Mandelbrot...