Academic Journal
Replication in Energy Markets: Use and Misuse of Chaos Tools
| العنوان: | Replication in Energy Markets: Use and Misuse of Chaos Tools |
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| المؤلفون: | Loretta Mastroeni, Pierluigi Vellucci |
| المصدر: | Entropy, Vol 24, Iss 5, p 701 (2022) |
| بيانات النشر: | MDPI AG, 2022. |
| سنة النشر: | 2022 |
| المجموعة: | LCC:Science LCC:Astrophysics LCC:Physics |
| مصطلحات موضوعية: | nonlinear dynamics, chaos, butterfly effect, energy futures, Science, Astrophysics, QB460-466, Physics, QC1-999 |
| الوصف: | As pointed out by many researchers, replication plays a key role in the credibility of applied sciences and the confidence in all research findings. With regard, in particular, to energy finance and economics, replication papers are rare, probably because they are hampered by inaccessible data, but their aim is crucial. We consider two ways to avoid misleading results on the ostensible chaoticity of price series. The first one is represented by the proper mathematical definition of chaos and the related theoretical background, while the latter is represented by the hybrid approach that we propose here—i.e., consisting of considering the dynamical system underlying the price time series as a deterministic system with noise. We find that both chaotic and stochastic features coexist in the energy commodity markets, although the misuse of some tests in the established practice in the literature may say otherwise. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English |
| تدمد: | 1099-4300 |
| Relation: | https://www.mdpi.com/1099-4300/24/5/701; https://doaj.org/toc/1099-4300 |
| DOI: | 10.3390/e24050701 |
| URL الوصول: | https://doaj.org/article/7cde80bb4fa147daa2709d292210d715 |
| رقم الانضمام: | edsdoj.7cde80bb4fa147daa2709d292210d715 |
| قاعدة البيانات: | Directory of Open Access Journals |
Full Text Finder | تدمد: | 10994300 |
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| DOI: | 10.3390/e24050701 |