Fractal Market Analysis: Applying Chaos Theory to Investment and Economics
Author: Edgar E. Peters
List Price: $75.00
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ISBN: 0471585246
Publisher: John Wiley & Sons (12 January, 1994)
Sales Rank: 58,206
Average Customer Rating: 3.5 out of 5
Customer Reviews
Rating: 4 out of 5
Gets you up and running with chaos theory for time series
This book includes a very detailed description of how to apply some chaos theory techniques - primarily R/S analysis - to time series data. With this technique, one can gauge whether a time series is completely random, completely predictive, or a mixture of these. This book glosses over some conceptual topics such as Efficient Market Theory and the Fractal Market Hypothesis in favor of details to perform a rigorous statistical analysis. These conceptual topics are better covered in Peters' earlier work "Chaos and Order in the Capital Markets".
For the analytically oriented reader, there can be much frustration as equations are often initially presented in sloppy and unusable forms with undefined parameters (hence 4 of 5 stars). However, these are subsequently broken down and presented in a step-by-step manner that will allow most readers to implement his techniques.
Overall, this is an excellent introductory book for the practitioner or economist, not so great for the non-technical reader.
Rating: 1 out of 5
This book is a disappointment
As a market analyst for an oil company, I spend considerable effort in trying to find new ways and theories to "decode" the markets and overcome uncertainty. I had hoped Mr. Peters book would offer a model of analysis to test and hopefully use. Unfortunately, the deeper you get into the "meet and potatoes" of this text, the more disappointing it gets. This book offers nothing. Readers less skilled in the subject matter might attribute this to their shortcomings or lesser math skills. Readers well-versed in this subject matter will easily determine that this text is a waste of time...
Rating: 4 out of 5
Good for newcomers to FMA
I have found Mr. Peters book excellent. I am no mathematician and still I found it easy to read. I was interested in learning about fractal market analysis and I found what I needed in this book. Similar Products
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