The Cowles–Jones test with unspecified upward market probability
The Cowles-Jones test for sign dependence is one of the earliest tests of the random walk hypothesis, which stands at the beginning of modern empirical finance. The test is still discussed in popular textbooks and used in research articles. However, the Cowles-Jones test statistic considered in the...
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| Format: | Article |
| Language: | English |
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AIMS Press
2023-09-01
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| Series: | Data Science in Finance and Economics |
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| Online Access: | https://www.aimspress.com/article/doi/10.3934/DSFE.2023019?viewType=HTML |