Wavelet Analysis and Applications in Economics and Finance
Tian-Xiao He, Tung Lam Nguyen · Digital Commons at Illinois Wesleyan University (Illinois Wesleyan University) · 2015
In this paper, we examine the applications of wavelet analysis on finance and related fields. We go over some relevant wavelet transforms and discuss their potency in dealing with financial data. Then, we consider the issues with the choice of wavelet and practical implementation. Finally, several applications on finance and economics are discussed in details with provided examples for the demonstration.