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Zonal monthly means of UAH satellite based measurements of lower troposphere temperature anomalies 12/1978 to 4/2017 are examined for violations of the independence assumption of OLS linear regression. The Hurst Exponent (H), computed at a monthly time scale, is used as the measure of...
Persistent link: https://www.econbiz.de/10012953770
This note is a further commentary on a previous paper on the chaos theory of stock returns that derives from the alleged detection of persistence in time series data indicated by values of the Hurst exponent H that differs from the neutral value of H=0.5 implied by the efficient market...
Persistent link: https://www.econbiz.de/10013028195