ICEEMDAN-Based Transfer Entropy between Global Commodity Classes and African Equities

Figure 1

Time-series plots of stock and commodity indices and returns. (a) Cocoa sample, (b) coffee sample, (c) copper sample, (d) crude oil sample, (e) corn sample, (f) soybeans sample, (g) palladium sample, (h) silver sample, (i) gold sample, (j) natural gas sample, (k) palm oil sample, and (l) rice sample.

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