The characteristics of coal seam development,and the prospects of a favorable coal-forming area,were evaluated for the Liaohe Basin located in China.The Number 3 and Number 9 coal seam thickness series from 60 nearly ...The characteristics of coal seam development,and the prospects of a favorable coal-forming area,were evaluated for the Liaohe Basin located in China.The Number 3 and Number 9 coal seam thickness series from 60 nearly equally spaced bores in the Eastern depression of the Liaohe Basin were examined by a rescaled range analysis.The results indicate that the Hurst exponents of the Number 3 and Number 9 coal seam thickness series are 0.69 and 0.68,respectively.This suggests the presence of persistence.As the bore spacing increases the Hurst exponent of the Number 3 series gradually decreases（H changes from 0.69 to 0.52） and shifts from persistence to randomness.The Hurst exponent of the Number 9 thickness data gradually increases（H changes from 0.68 to 0.91） and always shows the characteristic of persistence.A combination of geological characteristics and the series data allow the conclusion that it is more suitable for the Number 9 coal seam to form in the Northeastern part of the Eastern depression than the Number 3 coal seam.展开更多
Some important questions for new energy development were discussed, such as the prediction and calculation of sea surface temperature, ocean wave, offshore platform price, typhoon track, fire status, vibration due to ...Some important questions for new energy development were discussed, such as the prediction and calculation of sea surface temperature, ocean wave, offshore platform price, typhoon track, fire status, vibration due to earthquake, energy price, stock market’s trend and so on with the fractal methods (including the four ones of constant dimension fractal, variable dimension fractal, complex number dimension fractal and fractal series) and the improved rescaled range analysis (R/S analysis).展开更多
The notion of long memory, or long-term dependence, has received considerable attention in empirical finance. While many empirical works were done on the detection of long memory in return series, very few investigati...The notion of long memory, or long-term dependence, has received considerable attention in empirical finance. While many empirical works were done on the detection of long memory in return series, very few investigations focused on the market volatility, though the long-term dependence in volatility may lead to some types of volatility persistence as observed in financial markets and affect volatility forecasts and derivative pricing formulas. So, using modified rescaled range analysis and ARFIMA model testing, this study examined long-term dependence in Chinese stock market returns and volatility. The results show that although the returns themselves contain little serial correlation, the variability of returns has significantly long-term dependence. It would be beneficial to encompass long memory structure to assess the behavior of stock prices and research on financial market theory.展开更多
基金supported by National Basic Research Program of China(No.2007CB209503)
文摘The characteristics of coal seam development,and the prospects of a favorable coal-forming area,were evaluated for the Liaohe Basin located in China.The Number 3 and Number 9 coal seam thickness series from 60 nearly equally spaced bores in the Eastern depression of the Liaohe Basin were examined by a rescaled range analysis.The results indicate that the Hurst exponents of the Number 3 and Number 9 coal seam thickness series are 0.69 and 0.68,respectively.This suggests the presence of persistence.As the bore spacing increases the Hurst exponent of the Number 3 series gradually decreases（H changes from 0.69 to 0.52） and shifts from persistence to randomness.The Hurst exponent of the Number 9 thickness data gradually increases（H changes from 0.68 to 0.91） and always shows the characteristic of persistence.A combination of geological characteristics and the series data allow the conclusion that it is more suitable for the Number 9 coal seam to form in the Northeastern part of the Eastern depression than the Number 3 coal seam.
文摘Some important questions for new energy development were discussed, such as the prediction and calculation of sea surface temperature, ocean wave, offshore platform price, typhoon track, fire status, vibration due to earthquake, energy price, stock market’s trend and so on with the fractal methods (including the four ones of constant dimension fractal, variable dimension fractal, complex number dimension fractal and fractal series) and the improved rescaled range analysis (R/S analysis).
基金This project is supported by National Natural Science Foundation of China （70471030）.
文摘The notion of long memory, or long-term dependence, has received considerable attention in empirical finance. While many empirical works were done on the detection of long memory in return series, very few investigations focused on the market volatility, though the long-term dependence in volatility may lead to some types of volatility persistence as observed in financial markets and affect volatility forecasts and derivative pricing formulas. So, using modified rescaled range analysis and ARFIMA model testing, this study examined long-term dependence in Chinese stock market returns and volatility. The results show that although the returns themselves contain little serial correlation, the variability of returns has significantly long-term dependence. It would be beneficial to encompass long memory structure to assess the behavior of stock prices and research on financial market theory.
