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

Table 9

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

Year	Returns from pattern			Pattern from returns
	2010	0.6547	0.5321	0.1873	0.6521	0.6012	0.0781
2011	0.3265	0.2856	0.1253	0.2314	0.2031	0.1223
2012	0.6214	0.5124	0.1754	0.3265	0.2854	0.1259
2013	0.8745	0.6321	0.2772	0.4152	0.3265	0.2136
2014	0.4236	0.3214	0.2413	0.3628	0.2856	0.2128
2015	0.5621	0.4521	0.1957	0.5621	0.5012	0.1083
2016	0.4127	0.3965	0.0993	0.3265	0.3215	0.0153
2017	0.2356	0.1965	0.1660	0.8562	0.7921	0.0749
2018	0.3261	0.2745	0.1582	0.6321	0.5932	0.0615
2019	0.1254	0.1154	0.0797	0.3261	0.1423	0.3973
2020	0.4126	0.3124	0.2429	0.3124	0.2654	0.1504