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The Mexican Stock Market index or Indice de Precios y Cotizaciones in Spanish.
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In finance, referred to as "Stylized facts", these statistical properties of financial time series, in conjuntion with others such as the properties of intermittency, asymmetry in time scales, absence of autocorrelations, gain/loss assymetry, etc.
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Some authors call returns to the difference of the natural logarithm of prices, and call normalized returns to our returns. For the case of high frequency data, each one approaches the other.
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The 2003 Nobel Price of Economy was awarded jointly to Robert F. Engle for a related topic:". . . for methods of analyzing economic time series with time-varying volatility (ARCH)". Engle owns a M. S. in Physics by Cornell University (1966).
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