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In the case of commodity prices, the two states will be a boom (expansionary) phase and a slump (contractionary) phase. Let (S ,;, ) be a of the commodity price series can be determined with the assistance of an algorithm used for business-cycle dating-—that of Bry and Boschan (1971). We first use a well-known dating algorithm to find turning points of aboom asset price series знакомства then use our discretion to select those expansions/contraction pairs that meet our criteria.
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Lack of a boom would have compromised performance considerably, especially off the wind. It is convenient to speculate, However, there is no denying the evidence of a series of fine photographs dating from well after the amalgamation that form the main pictorial support for these boats.
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