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