The traditional time series methodology requires at least a preliminary transformation of the data to get stationarity. On the other hand, robust Bayesian dynamic models (RBDMs) do not assume a regular pattern or stability of the underlying system but can include points of statement breaks. In...

The impact of structural changes as well as breaks on oil price fluctuations is studied in this article. There are a few channels, such as domestic prices and inflation, that cause the effect of oil price to pass through the economy. The higher crude oil price is immediately followed by the...

The use of automated algorithms allows online shops to change product prices at short notice, depending on various parameters; this type of price-setting is known as dynamic pricing. At present, roughly 10 000 online prices are collected each month by the German Federal Statistical Office (FSO)...