论文信息 - Chaotic behaviour in exchange-rate series: First results for the Peseta—U.S. dollar case

Chaotic behaviour in exchange-rate series: First results for the Peseta—U.S. dollar case

Abstract We test for the presence of deterministic chaos on daily data for the (spot and forward) Spanish Peseta–U.S. Dollar exchange rates. The finding of a chaotic behaviour in the series allows us to make short-run predictions which in general outperform those from the random walk model.

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