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This paper examines features of the Czech stock market’s development from 1997 to 2003 and attempts to unveil the macroeconomic consequences of stock-price development. The analysis of the stock market’s behavior supports a cautionary stance on the hypothesis of the efficient-market theory,...
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In this paper, we investigate the adequacy of scaling, a method frequently used in estimation of standard deviation of …
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developed in which a smooth, cubic spline signal function is used to approximate the price curve data. Estimation may then be …
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