biased exponent 中文意思是什麼
biased exponent
解釋
偏置指數-
Consequently, i applied the r / s analysis on the composite index of shanghai stock exchange and component index of shenzhen stock exchange from 1996 to 2001, to study the fractal structure of csms. the result of the analysis shows that the returns of the indexes do not obey brownian motion, but follow a biased random walk with hurst exponent being 0. 63 and 0. 65 respectively. hence, we can conclude that the china ' s stock markets are not yet efficient informationally
本文進一步運用重標極差分析法,分別對進入規范發展階段后的滬、深兩市股價指數日收益率和周收益率進行了分形檢驗,發現上海股票市場和深圳股票市場均具有分形結構,赫斯特指數分別為0 . 63和0 . 65 ,長期記憶周期分別為362天和2犯天,進而得出中國股票市場有效性水平較低的結論。
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