An Investigation On the Presence of Mean Reversion in Stock Prices in Tehran Stock Exchange
Financial Scientists have always been eager to distinguish between whether the price series could be random walk (unit root) or mean reverting processes.By a random walk we mean that accruing shocks to the system have permanent impacts and prices do not revert to their previous trend path, in additi...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
2008-03-01
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| Series: | تحقیقات مالی |
| Subjects: | |
| Online Access: | https://jfr.ut.ac.ir/article_27744_7516d2c9c890432c4c95c8adda3b8852.pdf |