Table 4 Expectation of a decrease and increase in the all-share index.
From: Application of Markov chain to share price movement in Nigeria (1985–2019)
1 | \(\boldsymbol{\alpha }\) | \(1/\boldsymbol{\alpha }\) | E(D) | Duration |
|---|---|---|---|---|
\(0.409\) | \(1/0.409\) | 2.44499 | 3 months (aprox.) |
1 | \({\varvec{\beta}}\) | \(1/{\varvec{\beta}}\) | E(I) | |
|---|---|---|---|---|
\(0.206\) | \(1/0.206\) | 4.85437 | 5 months (aprox) |