An Analysis of the Random Walk Hypothesis based on Stock ...

stock market, including its price history. If a stock price is stationary in a given time period, its statistical process does not change over that time, meaning that the series has a deterministic trend, which could even be flat. This investigation tests for stationarity in the time series of prices and dividend yields of the Dow Jones Industrial Average (DJIA), the S&P 500 Index, and their ... ................
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