FRACTAL GEOMETRY IN AGRICULTURAL CASH PRICE DYNAMICS

Agricultural prices are determined by natural and socio-economic factors that are known to be self-similar at different time scales and to follow non-periodic cyclical patterns. These properties are most easily understood using Mandelbrot's fractal geometry, in which a jagged time series is treated as a jagged coastline or any other natural phenomenon. The fractal market hypothesis provides the theory needed to explain why fractal structure exists in agricultural prices. Empirical evidence confirms theoretical predictions.


Issue Date:
2002
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/19696
PURL Identifier:
http://purl.umn.edu/19696
Total Pages:
33
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2018-01-22

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