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.
| Index | NIFTY 50 | NIFTY-IT | BANK-NIFTY | | | | | | |
| 1997 | 0.3284 | 0.2847 | 0.5847 | 0.6164 | 0.3645 | 0.2847 | 2008 | 0.4129 | 0.3845 | 0.3456 | 0.2963 | 0.3156 | 0.2999 | 2016 | 0.5247 | 0.4985 | 0.5129 | 0.4258 | 0.3954 | 0.3387 | 2020 | 0.4782 | 0.4111 | 0.4786 | 0.3965 | 0.4258 | 0.3859 |
|
|