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Statistical Analyses and Modelling of the Mixing Process of Euro Coins in Germany and Europe
Author(s) -
Stoyan Dietrich,
Stoyan Helga,
Döge Gunter
Publication year - 2004
Publication title -
australian and new zealand journal of statistics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.434
H-Index - 41
eISSN - 1467-842X
pISSN - 1369-1473
DOI - 10.1111/j.1467-842x.2004.00313.x
Subject(s) - mixing (physics) , mathematics , econometrics , simple (philosophy) , process (computing) , term (time) , statistics , computer science , physics , philosophy , epistemology , quantum mechanics , operating system
Summary This paper reports on the mixing of Euro coins from different countries of origin in Europe, which started on 1 January 2002. There is an interesting conclusion: that the mobility of small and large denominations is different. The long‐term behaviour of the mixing process is studied using a simple deterministic model and data from Germany, France and the Netherlands. The analysis leads to predictions about the future progress of the mixing process.