Statistical Analysis of the Exchange Rate of Bitcoin.
Where this comes from
- Record sourced from PubMed, PMID 26222702.
- Also identified by DOI 10.1371/journal.pone.0133678 and PMC identifier 4519139.
- Licence recorded as CC BY.
- The licence permits redistribution, so the abstract is shown in full and the full text is available from the publisher.
Abstract
Bitcoin, the first electronic payment system, is becoming a popular currency. We provide a statistical analysis of the log-returns of the exchange rate of Bitcoin versus the United States Dollar. Fifteen of the most popular parametric distributions in finance are fitted to the log-returns. The generalized hyperbolic distribution is shown to give the best fit. Predictions are given for future values of the exchange rate.
Medical subject headings
- Commerce
- Internet
- Statistics as Topic