Research Article

Analyzing the Association between Pattern and Returns Using Goodman–Kruskal Prediction Error Reduction Index (λ)

Table 11

Yearly average prediction error reduction index of NSE indices.

IndexNIFTY 50NIFTY-ITBANK-NIFTY

19970.32840.28470.58470.61640.36450.2847
20080.41290.38450.34560.29630.31560.2999
20160.52470.49850.51290.42580.39540.3387
20200.47820.41110.47860.39650.42580.3859