Janardan (1980) introduces a class of offspring distributions that sandwich between Bernoulli and Poisson. This paper extends the Janardan Galton Watson (JGW) branching process as a model of stock prices. In this article, the return value over time t depends on the initial close price, which shows the number of offspring, has a role in the expectation of return and probability of extinction after the passage at time t. Suppose the number of offspring in t th generation is zero, (i.e., called extinction of model at time t) is equivalent with negative return values over time [0, t]. We also introduce the Algorithm that detecting the trend of stock markets.
翻译:Janardan(1980年)引入了Bernoulli和Poisson之间三明治的后代分配类别,本文扩展了Janardan Galton Watson(JGW)分支过程,作为股票价格的模型。在本篇文章中,随时间推移的回报值取决于最初的近价,即显示后代的数量,在预期回报和时间流逝后灭绝的可能性方面起着作用。如果第一代后代的数量为零,(即称为时标的模型灭绝)相当于长期负回报值[0吨]。我们还引入了发现股市趋势的Algoithm。