Factors affecting agricultural futures p
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David Kenyon; Kenneth Kling; Jim Jordan; William Seale; Nancy McCabe
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Article
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1987
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John Wiley and Sons
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English
โ 988 KB
or some time the only theory of futures price variability was the Samuelson F (1965) hypothesis that the variance of futures prices is a decreasing function of time to maturity. Even though an empirical study by Rutledge (1976) provided evidence against the hypothesis as a general characteristic of