Research Article
Analyzing the Association between Pattern and Returns Using Goodman–Kruskal Prediction Error Reduction Index (λ)
Table 7
Prediction error reduction index of Index NIFTY 50 for the period 2010–2020.
| Year | Returns from pattern | Pattern from returns | | | | | | |
| 2010 | 0.4089 | 0.2470 | 0.3959 | 0.3723 | 0.2591 | 0.3040 | 2011 | 0.6327 | 0.4857 | 0.2323 | 0.4875 | 0.4256 | 0.1270 | 2012 | 0.2058 | 0.1646 | 0.2000 | 0.5621 | 0.5124 | 0.0884 | 2013 | 0.4204 | 0.3424 | 0.1845 | 0.6214 | 0.5746 | 0.0753 | 2014 | 0.4315 | 0.3610 | 0.1635 | 0.6321 | 0.5463 | 0.1357 | 2015 | 0.4089 | 0.3124 | 0.2360 | 0.5214 | 0.4125 | 0.2089 | 2016 | 0.6327 | 0.5124 | 0.1901 | 0.4365 | 0.3321 | 0.2392 | 2017 | 0.5648 | 0.3654 | 0.3530 | 0.3625 | 0.2547 | 0.2974 | 2018 | 0.4875 | 0.3427 | 0.2970 | 0.2154 | 0.1754 | 0.1857 | 2019 | 0.6584 | 0.5487 | 0.1666 | 0.3654 | 0.3154 | 0.1368 | 2020 | 0.5487 | 0.3258 | 0.4062 | 0.2614 | 0.2315 | 0.1144 |
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