✦ LIBER ✦
Commodity futures price changes: Recent evidence for wheat, soybeans and live cattle
✍ Scribed by Michael A. Hudson; Raymond M. Leuthold; Gboroton F. Sarassoro
- Publisher
- John Wiley and Sons
- Year
- 1987
- Tongue
- English
- Weight
- 900 KB
- Volume
- 7
- Category
- Article
- ISSN
- 0270-7314
No coin nor oath required. For personal study only.
✦ Synopsis
of commodity futures price changes is important in testing the efficient market hypothesis since it affects both the selection of appropriate statistical methods and the interpretation of their results. With the initiation of trading in commodity futures options and the reliance on the normal distribution assumption in options pricing formulae, the question of the distribution of futures prices becomes increasingly important.