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Nonlinear Dynamics, Chaos and Instability: Statistical Theory and Evidence

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Brand new
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eBay item number:323722590293
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Item specifics

Condition
Brand new: A new, unread, unused book in perfect condition with no missing or damaged pages. See the ...
Author
David A. Hsieh, Blake LeBaron, William A. Brock, Etc.
Publisher
MIT Press Ltd
ISBN
9780262023290
EAN
9780262023290
Publication Year
1991
Type
Textbook
Format
Hardcover
Language
English
Publication Name
Nonlinear Dynamics, Chaos and Instability: Statistical Theory and Economic Evidence
Item Height
231mm
Item Width
157mm
Subject
Mathematics
Item Weight
703g
Number of Pages
346 Pages

About this product

Product Information

Chaos theory has touched on such fields as biology, cognitive science, and physics. By providing a unified explanation of statistical methods that are useful for testing for chaos in data sets, the authors show how the principles of chaos theory can be applied to such areas of economics and finance as the changing structure of stock returns and nonlinearity in foreign exchange. They use computer models to illustrate their ideas and explain this frontier research at a level of rigor sufficient for others to build upon as well as to verify the soundness of their arguments. The authors, who have played a major role in developing basic testing methods that are effective in detecting chaos and other nonlinearities, provide an exposition of empirical techniques for identifying evidence of chaos. They introduce and describe the BDS statistic, an easy-to-use test that detects the existence of potentially forecastable structure, nonstationarity, or hidden patterns in time series data and that can be adapted to test for the adequacy of fit of forecasting models. A performance evaluation of the BDS is included. The book also reviews issues in the theoretical economics literature on chaos and complex dynamics, surveys existing work on the detection of chaos and nonlinear structure, and develops models and processes to discover predictable sequencing in time-series data, such as stock returns, that currently appear random.

Product Identifiers

Publisher
MIT Press Ltd
ISBN-13
9780262023290
eBay Product ID (ePID)
94466388

Product Key Features

Author
David A. Hsieh, Blake LeBaron, William A. Brock, Etc.
Publication Name
Nonlinear Dynamics, Chaos and Instability: Statistical Theory and Economic Evidence
Format
Hardcover
Language
English
Subject
Mathematics
Publication Year
1991
Type
Textbook
Number of Pages
346 Pages

Dimensions

Item Height
231mm
Item Width
157mm
Item Weight
703g

Additional Product Features

Title_Author
William A. Brock, David A. Hsieh, Blake LeBaron, Etc.
Country/Region of Manufacture
United States

Item description from the seller