Do Asian stock market prices follow random walk? A revisit
This study re-examines the price behaviour of Asian stock markets in light of the random walk hypothesis. With a new statistical tool, namely the Brock-Dechert-Scheinkman (BDS) test, it is possible for researchers to detect more complex form of dependencies in series of financial returns that often...
| Hlavní autoři: | , , , , |
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| Médium: | Článek |
| Jazyk: | English |
| Vydáno: |
2004
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| Témata: | |
| On-line přístup: | https://eprints.ums.edu.my/id/eprint/21649/1/Do%20Asian%20stock%20market%20prices%20follow%20random%20walk.pdf |