Fractal Analysis of the Agricultural Products Prices Time Series
- Resource Type
- Article
Text
- Authors
- Yi Wang; Xin Su; Xueli Zhan
- Source
- International Journal of u- and e- Service, Science and Technology, 10/30/2015, Vol. 8, Issue 10, p. 395-404
- Subject
- wholesale price
agricultural products
monofractal
multifractal
- Language
- English
- ISSN
- 2005-4246
It is very necessary to research the fluctuation of agricultural products prices as well as the data character. In this paper, the wholesale price of agricultural product is considered. The monofractal analysis and multifractal analysis methods are introduced to study wholesale price. We select the appropriate algorithm to calculate the fractal characteristics of the celery wholesale price. Results show that the price is monofractal and multifractal. The methods of prediction and risk assessment based on fractal analysis are available for agricultural product price.