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IN SEARCH OF HUNT'S SHORT‐RUN PRICE CYCLES IN THE SYDNEY WOOL FUTURES MARKET*

IN SEARCH OF HUNT'S SHORT‐RUN PRICE CYCLES IN THE SYDNEY WOOL FUTURES MARKET* The structure of prices of Sydney wool futures contracts is examined with the aid of spectral analysis. Although the series studied are not strictly random walks, it is shown that there is little useful information for forecasting contained in the historical price data. It is concluded that the behaviour of prices on the Sydney wool futures market is essentially the same as that observed for the majority of stock and futures price series from other markets. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

IN SEARCH OF HUNT'S SHORT‐RUN PRICE CYCLES IN THE SYDNEY WOOL FUTURES MARKET*

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References (4)

Publisher
Wiley
Copyright
Copyright © 1978 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.1978.tb00212.x
Publisher site
See Article on Publisher Site

Abstract

The structure of prices of Sydney wool futures contracts is examined with the aid of spectral analysis. Although the series studied are not strictly random walks, it is shown that there is little useful information for forecasting contained in the historical price data. It is concluded that the behaviour of prices on the Sydney wool futures market is essentially the same as that observed for the majority of stock and futures price series from other markets.

Journal

The Australian Journal of Agricultural Resource Economics – Wiley

Published: Dec 12, 1978

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