Isobars and the efficient market hypothesis
- Publisher: Charles University in Prague, Institute of Economic Studies (IES) Prague
C14 | G14 | Nichtparametrisches Verfahren | Isobars, Efficient market hypothesis, Nonparametric regression, Extreme value theory | isobars | nonparametric regression | Regression | efficient market hypothesis | Effizienzmarkthypothese | extreme value theory
jel: jel:C14 | jel:G14
Isobar surfaces, a method for describing the overall shape of multidimensional data, are estimated by nonparametric regression and used to evaluate the efficiency of selected markets based on returns of their stock market indices.