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Research Article Open Access

Wavelet Analysis and Applications in Economics and Finance

Abstract

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.

Tian-Xiao He* and Tung Nguyen

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