Statistical Analysis of the Exchange Rate of Bitcoin #MMPMID26222702
Chu J; Nadarajah S; Chan S
PLoS One 2015[]; 10 (7): ä PMID26222702show ga
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.