Nonlinear Dynamics in Economics
Bärbel Finkenstädt
Broschiertes Buch

Nonlinear Dynamics in Economics

A Theoretical and Statistical Approach to Agricultural Markets

Versandkostenfrei!
Versandfertig in 1-2 Wochen
77,99 €
inkl. MwSt.
Weitere Ausgaben:
PAYBACK Punkte
39 °P sammeln!
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 external random shocks which do not necessarily have an economic reaso...