АНАЛИЗ НА ВРЕМЕВИТЕ РЕДОВЕ НА ЦЕНИТЕ И ОБЕМА НА БОРСОВАТА ТЪРГОВИЯ НА ЕЛЕКТРИЧЕСКА ЕНЕРГИЯ В УСЛОВИЯТА НА НИСКА ЛИКВИДНОСТ

This article analyzes the time series of prices and quantities on the Bulgarian electricity exchange. The focus is on the period between January 2016 and June with the assumption that in this initial period for its operation, the stock exchange trade is not sufficiently liquid. Statistical tests and...

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Bibliographic Details
Published in:Spisanie "Dialog" "Dialogue" : e-journal 2019 (4), p.8-22
Main Author: Avramov, Victor
Format: Article
Language:Bulgarian
Subjects:
Business Economy / Management
Economy
Online Access:Get full text
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Summary:This article analyzes the time series of prices and quantities on the Bulgarian electricity exchange. The focus is on the period between January 2016 and June with the assumption that in this initial period for its operation, the stock exchange trade is not sufficiently liquid. Statistical tests and seasonal decomposition of quantities and prices are made. This allows the determination of their statistical properties. The analysis shows that both time series are characterized by mean reversion and have a weekly seasonality.
ISSN:1311-9206
1311-9206