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

Table 8

Prediction error reduction index of Index BANK-NIFTY for the period 2010–2020.

Year	Returns from pattern			Pattern from returns
	2010	0.5264	0.3612	0.3138	0.2356	0.1745	0.2593
2011	0.6541	0.4857	0.2575	0.2457	0.1956	0.2039
2012	0.7845	0.6213	0.2080	0.3564	0.2956	0.1706
2013	0.7541	0.6214	0.1760	0.4521	0.3874	0.1431
2014	0.5413	0.4125	0.2379	0.5478	0.3214	0.4133
2015	0.4521	0.3874	0.1431	0.6321	0.5961	0.0570
2016	0.3241	0.2145	0.3382	0.5647	0.4851	0.1410
2017	0.3874	0.2654	0.3149	0.7453	0.6541	0.1221
2018	0.2341	0.1145	0.5109	0.8451	0.6321	0.2520
2019	0.2874	0.1254	0.5637	0.7412	0.6521	0.1202
2020	0.1245	0.0478	0.6161	0.6214	0.5124	0.1754