学士学位论文—medium and smallscale analysis of financial data（中小规模的金融数据分析—外文翻译.docVIP

Medium and small-scale analysis of financial data Abstract A stochastic analysis of financial data is presented. In particular we investigate how the statistics of log returns change with different time delays t. The scale-dependent behaviour of financial data can be divided into two regions. The first time range, the small-timescale region (in the range of seconds) seems to be characterised by universal features. The second time range, the medium-timescale range from several minutes upwards can be characterised by a cascade process, which is given by a stochastic Markov process in the sca