Nonlinear Dynamics in Economics: A Theoretical and Statistical Approach to Agricultural Markets

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1. 1 Introduction In economics, one often observes time series that exhibit different patterns of qualitative behavior, both regular and irregular, symmetric and asymmetric. There exist two different perspectives to explain this kind of behavior within the framework of a dynamical model. The traditional belief is that the time evolution of the series can be explained by a linear dynamic model that is exogenously disturbed by a stochastic process. In that case, the observed irregular behavior is explained by the influence of ...

Nonlinear Dynamics in Economics: A Theoretical and Statistical Approach to Agricultural Markets 1995, Springer, Berlin, Germany

ISBN-13: 9783540593744

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