Stock market : random walk or mean reverting?
This study applies univariate as well as advanced unit root test for time series data to consider the Efficient Market Hypothesis (EMH) within eight (8) African stock markets. The stock prices data spanning from 1989:M7 till 2011:M3 is utilized for the stationarity tests. The results of the three co...
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| Format: | Final Year Project Report / IMRAD |
| Language: | English |
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Universiti Malaysia Sarawak, (UNIMAS)
2011
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| Online Access: | http://ir.unimas.my/id/eprint/5295/ http://ir.unimas.my/id/eprint/5295/4/Sim%20Gin%20Khai%20%28fulltext%29.pdf |