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Statistical Analysis of the Exchange Rate of Bitcoin and Other Cryptocurrencies
The Department of Mathematics and Statistics of the College of Arts and Sciences invites you to attend a seminar to be conducted by Dr. Stephen Chan from American University of Sharjah.
Abstract: Bitcoin and other cryptocurrencies are becoming a popular currency. We provide a statistical analysis of the log-returns of the exchange rate of Bitcoin and cryptocurrencies versus the United States dollar. Fifteen of the most popular parametric distributions in finance are fitted to the log-returns. Predictions are given for future values of the exchange rate.