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Universal Kriging can be seen as a point interpolation, which requires a point map as input and which returns a raster map with estimations and optionally an error map. Universal Kriging is a variant of the Ordinary Kriging operation: Universal Kriging is Kriging with a local trend. The local trend or drift is a continuous and slowly varying trend surface on top of which the variation to be interpolated is superimposed.
In simple terms, a complete bull-market cycle consists of a 5-wave advance and a 3-wave retracement. The Elliott Wave principle is based on Ralph Nelson Elliottâs conviction that social, or crowd, behavior tends to trend, and reverse, in identifiable patterns, or cycles. Elliott used the stock market as his main source for research, because it was an easy way to chart the current and past behavior of a crowd with similar interests.