文章基本信息

标题：IN SEARCH OF HUNT'S SHORT-RUN PRICE CYCLES IN THE SYDNEY WOOL FUTURES MARKET
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作者：Fisher, Brian S. ; Tanner, Carolyn
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：1978
页码：129-134
出版社：Food Distribution Research Society
摘要：The structure of prices of Sydney wool futures contracts is examined with the aid of spectral analysis. Although the series studied are not strictly random walks, it is shown that there is little useful information for forecasting contained in the historical price data. It is concluded that the behaviour of prices on the Sydney wool futures market is essentially the same as that observed for the majority of stock and futures price series from other markets.