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

Table 12

Average prediction error reduction index of NSE indices for the period 2010–2020.

Stocks	Returns from pattern			Pattern from returns
	NIFTY 50	0.4875	0.4123	0.1543	0.6945	0.6345	0.0864
BANK-NIFTY	0.5689	0.3956	0.3046	0.5231	0.4482	0.1432
NIFTY-IT	0.4632	0.3348	0.2772	0.4896	0.4156	0.1511