Stock market : random walk or mean reverting?

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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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Bibliographic Details
Main Author:	Sim, Gin Khai
Format:	Final Year Project Report / IMRAD
Language:	English
Published:	Universiti Malaysia Sarawak, (UNIMAS) 2011
Subjects:	HB Economic Theory
Online Access:	http://ir.unimas.my/id/eprint/5295/ http://ir.unimas.my/id/eprint/5295/4/Sim%20Gin%20Khai%20%28fulltext%29.pdf

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