Skip to main content
Future Business Journal

Table 10 Linear regression year-wise

From: The turn-of-the-month effect in Pakistani stock market

 

2013

2014

2015

2016

2017

2018

 

R (Dependent Variable)

TMD

0.249*

0.454***

0.476***

0.38***

− 0.04

− 0.07

 

(1.67)

(3.57)

(3.34)

3.41

− 0.23

− 0.42

Intercept

0.136**

0.003

− 0.08

0.07

− 0.06

− 0.02

 

(2.08)

(0.05)

− 1.36

1.58

− 0.75

− 0.27

N

253

251

251

251

250

249

F-statistic

2.81

12.78

11.15

11.67

0.055

0.181

p value (F-statistic)

0.094

0.0004

0.0009

0.0007

0.813

0.67

  1. Notes: This table indicates the year-wise results of linear regression between “turn-of-the-month-effect” dummy (independent variable) and “KSE-100 Index” returns (dependent variable). TMD represents “turn-of-the-month-effect” dummy, and R denotes “KSE-100 Index” returns. *, **, and *** denote statistical significance at 10%, 5%, and 1% levels, t-statistics is presented in parenthesis. N denotes the number of observations
Back to article page