Title: Efficiency of Financial Market and Fractal Market Theory
Abstract: This paper firstly views the efficient market theory and points out its limitation, and applies the fractal theory to the research of the efficiency of financial markets. Then we introduce the meaning of fractional dimension time series and fractal market theory, and give out the significance of the fractal market theory. At last we present the demonstration using financial data.
Publication Year: 2002
Publication Date: 2002-01-01
Language: en
Type: article
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