This YouTube lecture (by Kosta Ouzas) explains an automated trading concept and includes a technical demonstration applying a power-law model to price over time. In this chunk the speaker states model parameters (a ≈ 10^-13, n = 5.83), evaluates the model at 5,990 days, and reports a computed price of $105,292.
5.83
10 to the minus 13 (≈ 1e-13)
5,990 days
$105,292
This is how power law looks like. It's basically any relationship where you have Y with some constant, then X, whatever it is. In our case, this is price. And this is time to the power of N. And n is 5.83. Okay. And a is that very small number. So 10 to the minus 13 simply means 0. 16 zeros 1. Why? Well, too. Let's pass with the form of first formula. Day one. Right? Let's go back here. I put wine because that was. We are calculating the price at day one, right? Let's calculating now. Let's put that 5,990 days. So after almost 6,000 days, we get which price? Anybody stand up first? That's $105,292 one at 5.9.
