3 ms·
Absolutely. The effect of straightforward correlations is a change in the variance, which can be measured in finance. The effect of the nonlinear changing corr
by btilly 7mo ago
Absolutely. The effect of straightforward correlations is a change in the variance, which can be measured in finance.
The effect of the nonlinear changing correlations is that future global behavior can't be predicted from local observations without a very sophisticated model.