商品期货价格发现的实证研究以大豆期货为例摘要：本文综合参照国内外文献，充分研究国内外在商品期货价格发现功能的最新进展和相关技术，深入解析期货市场价格发现功能研究。本文介绍期货期货市场的产生与发展，以我国大豆期货市场为例重点分析我国大豆期货价格发现功能的实证研究。本文概括介绍商品期货价格发现功能的实证研究的研究背景和实际意义。本文通过对我国大豆期货市场的深入研究，探讨以大豆为例的商品期货价格发现功能的结构体系。本文深入探讨我国大豆期货市场的价格发现功能,并通过协整检验、Grallger因果检验相结合的方式对商品期货价格发现功能进行实证研究。运用统计计量分析方法综合近5年的全国大豆价格和大豆期货市场的数据，对商品期货价格发现功能进行实证研究，分析商品期货价格发现功能对我国大豆期货市场的影响。关键字：大豆期货统计计量分析市场完善Abstract：Basedonthedomesticandforeignliteratures,thispaperfullystudiesthelatestdevelopmentandrelatedtechnologiesofcommodityfuturespricediscoveryfunction,anddeeplyanalyzestheresearchonthefunctionoffuturesmarketpricediscovery.Thispaperintroducestheproductionanddevelopmentoffuturesmarket,andanalyzestheempiricalresearchonthediscoveryfunctionofsoybeanfuturesinChina.Thispapersummarizestheresearchbackgroundandpracticalsignificanceoftheempiricalresearchoncommodityfuturespricediscoveryfunction.Throughthein-depthstudyofChina'ssoybeanfuturesmarket,thispaperprobesintothestructuresystemofcommodityfuturespricediscoveryfunctionwithsoybeanasanexample.ThispaperprobesintothepricediscoveryfunctionofChina'ssoybeanfuturesmarket,andconductsanempiricalstudyonthediscoveryfunctionofcommodityfuturespricebymeansofco-integrationtestandGrallgercausaltest.Useofstatisticalmeasurementanalysismethodintegratednearlyfiveyearsofthesoybeansandthesoybeanfuturesmarketdata,toempiricalresearchofcommodityfuturespricediscoveryfunction,analysisofcommodityfuturespricediscoveryfunctionofsoybeanfuturesmarketinChina.Keywords：Soybeanfuturesstatisticalmeasurementanalysismarketimprovement.目录1.研究背景及意义.................................................................................................................................11.1研究背景...............................................................................................................................11.2价格发现功能的意义...........................................................................................................12.期货市场的产生和发展.....................................................................................................................22.1期货市场的产生...................................................................................................................22.2期货市场的发展...................................................................................................................22.3价格发现功能理论...............................................................................................................22.3.1投资者数额............................................................................................................22.3.2投资者的职业素养................................................................................................32.3.3期货的交易成本....................................................................................................32.3.4期货市场的结构体系.............................................................................................33.我国大豆市场...
