Browsing Faculty of Economics and Management Sciences by Author "Corker, Lloyd A"
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A test for Non-Gaussian distributions on the Johannesburg stock exchange and its implications on forecasting models based on historical growth rates.
Corker, Lloyd A (University of Western Cape, 2002)If share price fluctuations follow a simple random walk then it implies that forecasting models based on historical growth rates have little ability to forecast acceptable share price movements over a certain period. The ...