| |
| Field |
Value |
| |
| Title |
Share Price Movement and the White-noise Hypothesis: the Algebraic Approach
|
| |
| Creator |
James, Kehinde
|
| |
| Description |
Over time market players have developed much interest in factors that bring about movement or change in share price in the stock market either upward movement or downward movement several issues have been adduced for this over the years, some of which are rational and some are said to be irrational factors for the purpose of this study this is called market noise or white noise The problem is that all the mentioned factors can be measured or have been measured one way or the other except the white noise that seems no one have provided any serious measurement for, thus, in this study an attempt is made to test this factor The secondary source of data was used for the purpose of the analysis and a multiple regression analysis was adopted The model derived by the researcher shows that the white noise is equal to the error factor of the fist order of the regression. The regression model derived in the second order was tested and the result shows that the white noise will improve the coefficient of the impact variables when used and that the predictive power of the model becomes more realistic with the inclusion of the white noise variables than when excluded It was therefore recommended that white noise coefficient be included when measuring the impact of the independent variable on the market values of share for effective prediction purpose
|
| |
| Publisher |
International Journal of Business and Information Technology
|
| |
| Contributor |
—
|
| |
| Date |
2012-04-07
|
| |
| Type |
—
|
| |
| Format |
application/pdf
|
| |
| Identifier |
http://ojs.excelingtech.co.uk/index.php/IJBIT/article/view/297
|
| |
| Source |
International Journal of Business and Information Technology; Vol 2, No 1 (2012): March
|
| |
| Language |
en
|
| |
| Rights |
The copyright of the contribution is transferred to IJBIT in case of acceptance. The copyright transfer covers the exclusive right to reproduce and distribute the contribution, including reprints, translations, photographic reproductions, microform, electronic form, or any other reproductions of similar nature. The Author may publish his/her contribution on his/her personal Web page provided that he/she creates a link to the mentioned volume of IJBIT. The Author may not publish his/her contribution anywhere else without the prior written permission of the publisher unless it has been changed substantially. The Author warrants that his/her contribution is original, except for such excerpts from copyrighted works as may be included with the permission of the copyright holder and author thereof, that it contains no libellous statements, and does not infringe on any copyright, trademark, patent, statutory right, or propriety right of others. The Author also agrees for and accepts responsibility for releasing this material on behalf of any and all co-authors.
|
| |
Since 2014