# 2019-09-10 Waves

### White paper on wave equation

A new paper is published in the library today, describing R&D work on fitting an empirical wave equation to the cyclical ‘relative value’ component of price ($$£/m2$$).

There is a little maths, but no more than is needed to link the empirical model to some established concepts.

The outcome is very encouraging: a sensible model can be fitted with significant coefficients on all the ‘right’ variables, the right signs to describe wave propagation through the price spectrum, and $$R^2$$ values around 0.7-0.75