Reading Time: 2 minutesIn this blog post graphic methods are used to describe tourism time series in Montenegro. Two types of a line graph could be used to show changes in tourist demand over time. The first displays all three time series (total, domestic and foreign tourists) on a single graph. This graph…
Serbia: tourism time series plots
Reading Time: 2 minutesIn this blog post graphic methods are used to describe tourism time series in Serbia. Two types of a line graph could be used to show changes in tourist demand over time. The first displays all three time series (total, domestic and foreign tourists) on a single graph. This graph…
Monthly industrial production time series in six states of the former Yugoslavia
Reading Time: 2 minutesThis is the first in a series of blog posts analysing and discussing monthly industrial production time series in the former Yugoslav republics, now six independent states. Aims The aims of these blog posts are the following: To describe main features of monthly industrial production time series To model series…
Quarterly GDP time series in six states of the former Yugoslavia
Reading Time: 2 minutesThis is the first in a series of blog posts analysing and discussing quarterly GDP time series in the former Yugoslav republics, now six independent states. Aims The aims of these blog posts are the following: To describe main features of quarterly GDP time series To model series using popular…
Comparing six tourism time series plots
Reading Time: 4 minutesIn this blog post graphic methods are used to describe tourism time series for six independent states of former Yugoslavia. The following six graphs display each series on a separate panel. On such graphs any persistent pattern related to trend or seasonal factors should be clearly visible because each graph…
Analysing tourism time series
Reading Time: 3 minutesTourism demand in six states of the former Yugoslavia This is the first in a series of blog posts analysing and discussing tourism time series in the former Yugoslav republics, now six independent states. Aims The aims of these blog posts are the following: To describe main features of tourism…
Slovenia: tourism time series plots
Reading Time: 2 minutesIn this blog post graphic methods are used to describe tourism time series in Slovenia. Two types of a line graph could be used to show changes in tourist demand over time. The first displays all three time series (total, domestic and foreign tourists) on a single graph. This graph…
Stylized facts of financial assets
Reading Time: < 1 minuteCont (2001) listed the following statistical properties common to most financial assets (assets returns and exchange rates): Absence of autocorrelations Heavy tails Gain/loss asymmetry Aggregational Gaussianity Intermittency Volatility clustering Conditional heavy tails Slow decay of autocorrelation in absolute returns Leverage effect Volume/volatility correlation Asymmetry in time scales Reference Cont, R….
About stylized facts
Reading Time: 2 minutesThe following three quotations give you an idea what are the stylized facts. For more about stylized facts you may read in the references listed below. Useful web page: http://finance.martinsewell.com/stylized-facts/ References Abad, L. A., & Khalifa, K. (2015). What are stylized facts? Journal of Economic Methodology, 22(2), 143-156. Cont, R….