Finite mixture distributions provide a flexible method for high-dimensional data modeling. They are widely used in many disciplines such as astronomy and genetics. One reason for their popularity is their flexibility and straightforward implementation. The interest increase in multivariate...

This paper examines the dynamic relationship between power spot prices and related trading volumes in one of the most emergent energy markets. Traditionally, investigating the bivariate stochastic processes has been dominated by linear econometrical methods that proved helpful especially in...

Studying the power-law scaling of financial time series is a promising area of econophysics, which has often contributed to the understanding of the intricate features of the global markets. In this article, we examine the multifractality of some financial processes and the underlying formation...