Testing random walk hypothesis in the stock market prices: evidence from South Africa's stock exchange (2000- 2011)
The Johannesburg Stock Exchange market was tested for the existence of the random walk hypothesis using All Share Index (ALSI) and time series data for the period between 2000 and 2011. The traditionally used methods, the unit root tests and autocorrelation test were employed first and they all conf...
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| Format: | Others |
| Language: | English |
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University of Fort Hare
2013
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| Online Access: | http://hdl.handle.net/10353/d1006931 |