Testing for long-term memory in yen/dollar exchange rate

1994 ◽  
Vol 1 (2) ◽  
pp. 101-109 ◽  
Author(s):  
R. Bhar
Keyword(s):  
Exchange Rate ◽  
Long Term Memory ◽  
Term Memory ◽  
Dollar Exchange Rate

ASSESSMENT persistent time series hryvnia to the dollar US

2019 ◽  
Author(s):  
Serhii Ternov ◽  
Vasyl Fortuna
Keyword(s):  
Time Series ◽  
Exchange Rate ◽  
Efficient Market Hypothesis ◽  
Long Term Memory ◽  
Characteristic Time Scale ◽  
Term Memory ◽  
Dollar Exchange Rate ◽  
Study Process ◽  
Daily Changes

Contemporary literature suggests that the effective market hypothesis is not substantiated. Instead, it suggests the Fractal Market Hypothesis (FMH). Fractal markets are characterized by long-term memory. The main feature of the fractal market is that the frequency distribution of the indicator looks the same across diffe­ rent investment horizons. In such cases, it is said that for an appropriate indicator, the phenomenon of scale invariance is observed. All daily changes are correlated with all future daily changes, all weekly changes are correlated with all future weekly changes. There is no characteristic time scale, a key characteristic of the time series. The presence of memory in the time series can be characterized by the Hearst indicator. This paper analyzes the hryvnia to US dollar exchange rate for the period 04.06.14-04.01.15. Finding the Hearst index made it possible to conclude that there is or is not long-term memory in this series. The presence of long-term memory indi­ cates that the efficient market hypothesis is unjustified. The hypothesis was tested that the longer the averaging intervals are taken into account in the model, the Hearst's index decreases. The analysis does not have great predictive power, however, it allows to identify the presence or absence of long-term memory in the study process and thus to accept or reject the hypothesis of an effective market. That is, the series under study is persistent, thus demonstrating long-term me­ mory availability. Thus, since persistence is revealed, the hypothesis of an effective market for the exchange rate yield is not confirmed, but instead can be argued for the fractality of the hryvnia / dollar exchange rate yield. Therefore, the application of the proposed approach made it possible to find the Hearst rate for the hryvnia / dollar exchange rate. The value found indicates that the effective market hypothesis is not substantiated for at least such an exchange rate.

Analysis of Long-Term Memory in the Mexican Exchange Market Using a Fuzzy Hurst Exponent: Does Intervention Matter?

2018 ◽  
Vol 26 (Suppl. 1) ◽  
pp. 71-92
Author(s):  
Klender Cortez ◽  
Martha Del Pilar Rodríguez
Keyword(s):  
Exchange Rate ◽  
Central Bank ◽  
Exchange Rates ◽  
Hurst Exponent ◽  
The Other ◽  
Long Term Memory ◽  
Exchange Market ◽  
Term Memory ◽  
Monetary Authorities

The following article aims to detect if long-term memory exists in the Mexican exchange rate market. This research was conducted between 1992 and 2016, during which time different intervention mechanisms were presented. The interventions were divided as follows: a) crawling bands (01/1992–12/1994), b) free flotation in crisis (01/1995–07/1996), c) mixed operations with purchases and sales of dollars by the Central Bank (08/1996–06/2001), d) free flotation (07/2001–04/2003), e) accumulation of international reserves (05/2003–02/2009, f) mixed auctions (03/2009–02/2016), and g) free flotation with interest rate increases (03/2016–12/2016). To detect the presence of long-term memory in the peso–dollar exchange rates, we proposed a fuzzy Hurst exponent. The results evidenced distinct types of behaviors depending on the grade of intervention. Compared to a free-floating regime, persistence and fuzzy Hurst values decreased when the Central Bank intervened in the exchange market. On the other hand, uncertainty increased when monetary authorities imposed a mechanism for buying and selling dollars without an exchange rate target.

Conceptual short-term memory (CSTM) supports core claims of Christiansen and Chater

2016 ◽  
Vol 39 ◽  
Author(s):  
Mary C. Potter
Keyword(s):  
Working Memory ◽  
Rapid Serial Visual Presentation ◽  
Language Comprehension ◽  
Short Term Memory ◽  
Visual Presentation ◽  
Long Term Memory ◽  
Short Term ◽  
Term Memory ◽  
Use Of Knowledge

AbstractRapid serial visual presentation (RSVP) of words or pictured scenes provides evidence for a large-capacity conceptual short-term memory (CSTM) that momentarily provides rich associated material from long-term memory, permitting rapid chunking (Potter 1993; 2009; 2012). In perception of scenes as well as language comprehension, we make use of knowledge that briefly exceeds the supposed limits of working memory.

Comparison of Auditory, Language, Memory, and Attention Abilities in Children With and Without Listening Difficulties

2020 ◽  
Vol 29 (4) ◽  
pp. 710-727
Author(s):  
Beula M. Magimairaj ◽  
Naveen K. Nagaraj ◽  
Alexander V. Sergeev ◽  
Natalie J. Benafield
Keyword(s):  
Auditory Processing ◽  
Short Term Memory ◽  
Group Differences ◽  
Long Term Memory ◽  
Short Term ◽  
Significant Group ◽  
Term Memory ◽  
Memory And Attention ◽  
Speed And Accuracy

Objectives School-age children with and without parent-reported listening difficulties (LiD) were compared on auditory processing, language, memory, and attention abilities. The objective was to extend what is known so far in the literature about children with LiD by using multiple measures and selective novel measures across the above areas. Design Twenty-six children who were reported by their parents as having LiD and 26 age-matched typically developing children completed clinical tests of auditory processing and multiple measures of language, attention, and memory. All children had normal-range pure-tone hearing thresholds bilaterally. Group differences were examined. Results In addition to significantly poorer speech-perception-in-noise scores, children with LiD had reduced speed and accuracy of word retrieval from long-term memory, poorer short-term memory, sentence recall, and inferencing ability. Statistically significant group differences were of moderate effect size; however, standard test scores of children with LiD were not clinically poor. No statistically significant group differences were observed in attention, working memory capacity, vocabulary, and nonverbal IQ. Conclusions Mild signal-to-noise ratio loss, as reflected by the group mean of children with LiD, supported the children's functional listening problems. In addition, children's relative weakness in select areas of language performance, short-term memory, and long-term memory lexical retrieval speed and accuracy added to previous research on evidence-based areas that need to be evaluated in children with LiD who almost always have heterogenous profiles. Importantly, the functional difficulties faced by children with LiD in relation to their test results indicated, to some extent, that commonly used assessments may not be adequately capturing the children's listening challenges. Supplemental Material https://doi.org/10.23641/asha.12808607

Retrieval from Memory or Procedural Strategies for Addition Problems

2011 ◽  
Vol 70 (1) ◽  
pp. 35-39 ◽  
Author(s):  
Muriel Fanget ◽  
Catherine Thevenot ◽  
Caroline Castel ◽  
Michel Fayol
Keyword(s):  
Reaction Times ◽  
Long Term Memory ◽  
Verbal Reports ◽  
Term Memory ◽  
Simple Addition ◽  
Memory Traces ◽  
Addition Problem ◽  
Retrieval From Memory ◽  
Calculation Procedures

In this study, we used a paradigm recently developed ( Thevenot, Fanget, & Fayol, 2007 ) to determine whether 10-year-old children solve simple addition problems by retrieval of the answer from long-term memory or by calculation procedures. Our paradigm is unique in that it does not rely on reaction times or verbal reports, which are known to potentially bias the results, especially in children. Rather, it takes advantage of the fact that calculation procedures degrade the memory traces of the operands, so that it is more difficult to recognize them when they have been involved in the solution of an addition problem by calculation rather than by retrieval. The present study sharpens the current conclusions in the literature and shows that, when the sum of addition problems is up to 10, children mainly use retrieval, but when it is greater than 10, they mainly use calculation procedures.

The Acute Effect of Alcohol on Various Memory Processes

2010 ◽  
Vol 24 (4) ◽  
pp. 249-252 ◽  
Author(s):  
Márk Molnár ◽  
Roland Boha ◽  
Balázs Czigler ◽  
Zsófia Anna Gaál
Keyword(s):  
Low Dose ◽  
Short Term Memory ◽  
Acute Effect ◽  
Long Term Memory ◽  
Term Memory ◽  
Memory Processes ◽  
Different Types ◽  
The Brain ◽  
Legal Consequences

This review surveys relevant and recent data of the pertinent literature regarding the acute effect of alcohol on various kinds of memory processes with special emphasis on working memory. The characteristics of different types of long-term memory (LTM) and short-term memory (STM) processes are summarized with an attempt to relate these to various structures in the brain. LTM is typically impaired by chronic alcohol intake but according to some data a single dose of ethanol may have long lasting effects if administered at a critically important age. The most commonly seen deleterious acute effect of alcohol to STM appears following large doses of ethanol in conditions of “binge drinking” causing the “blackout” phenomenon. However, with the application of various techniques and well-structured behavioral paradigms it is possible to detect, albeit occasionally, subtle changes of cognitive processes even as a result of a low dose of alcohol. These data may be important for the consideration of legal consequences of low-dose ethanol intake in conditions such as driving, etc.

Short- and long-term memory tasks predict working memory performance, and vice versa.

2019 ◽  
Vol 73 (2) ◽  
pp. 79-93 ◽  
Author(s):  
Ian Neath ◽  
Jean Saint-Aubin ◽  
Tamra J. Bireta ◽  
Andrew J. Gabel ◽  
Chelsea G. Hudson ◽  
...  
Keyword(s):  
Working Memory ◽  
Memory Performance ◽  
Long Term Memory ◽  
Term Memory ◽  
Short And Long Term

Semantic Satiation Effects and Long-Term Memory

2000 ◽  
Author(s):  
Maura Pilotti ◽  
Ayesha Khurshid
Keyword(s):  
Long Term Memory ◽  
Semantic Satiation ◽  
Term Memory

Context Effects on Reproduced Magnitudes From Short-Term and Long-Term Memory

2013 ◽  
Author(s):  
Douglas H. Wedell ◽  
Jongwan Kim
Keyword(s):  
Context Effects ◽  
Long Term Memory ◽  
Short Term ◽  
Term Memory

The Representation Of Action Plans In Long Term Memory

1984 ◽  
Author(s):  
Gopher Fussfeld ◽  
W. Koenig D. Karis
Keyword(s):  
Long Term Memory ◽  
Action Plans ◽  
Term Memory
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