Yuan, Ying; Zhuang, Xin-tian; Jin, Xiu; Huang, Wei-qiang - In: Physica A: Statistical Mechanics and its Applications 413 (2014) C, pp. 173-179
An empirical study of stable distribution and long-range correlation in Brent crude oil market was presented. First, it is found that the empirical distribution of Brent crude oil returns can be fitted well by a stable distribution, which is significantly different from a normal distribution....
