Research based on combination of high frequency data with Auto-regressive Conditional Duration (ACD) Model shows that ACD model can successfully describe the intensity of bargaining arrival.

• 摘要结合高频数据和自回归条件持续性(ACD)模型进行的研究表明：在中国市场，自回归条件持续性模型可以成功用来衡量交易到达的强度。