• DocumentCode
    596535
  • Title

    The leading nodes analysis of the consumer price volatility based on complex network

  • Author

    Xiangrong Liu ; Hongying Sun

  • Author_Institution
    Sch. of Bus. Adm., South China Univ. of Technol., Guangzhou, China
  • fYear
    2012
  • fDate
    18-20 Oct. 2012
  • Firstpage
    28
  • Lastpage
    31
  • Abstract
    This paper has researched on the leading nodes fluctuation of the CPI (the consumer price Index) based on Complex Network. The price fluctuations of consumer often affect each other. However, in the fluctuation of a certain amount of commodity prices, several products play an important role in effecting the rest of commodity price changes. The paper has Selected representative commodities including Guangzhou CPI as nodes, on the basis of time Series of above-mentioned commodities prices indexes from 2001 to 2009, researched on the correlation coefficients (named as P) of time series between any two, when P≥0.3, the two nodes are connected. The authors have established price fluctuation weighted complex network to study the complex relationship of commodity price fluctuation. By searching for the leading commodity goods (i.e. leading node) from a number of goods, the authors has proposed that great importance should be attached to monitor these leading commodities, which will play a vital role in controlling the whole consumer price changes and establishing a price mechanism on emergency management.
  • Keywords
    commodity trading; complex networks; economic indicators; emergency management; network theory (graphs); pricing; time series; Guangzhou CPI; commodity price fluctuation; complex network; consumer price changes; consumer price index; consumer price volatility; correlation coefficients; emergency management; leading commodity goods; leading nodes analysis; leading nodes fluctuation; time series; Complex networks; Correlation coefficient; Dairy products; Fluctuations; Indexes; Time series analysis;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Advanced Computational Intelligence (ICACI), 2012 IEEE Fifth International Conference on
  • Conference_Location
    Nanjing
  • Print_ISBN
    978-1-4673-1743-6
  • Type

    conf

  • DOI
    10.1109/ICACI.2012.6463116
  • Filename
    6463116