Table 5 Decrease and increase instant in all-share indexes.
From: Application of Markov chain to share price movement in Nigeria (1985–2019)
\(\boldsymbol{\alpha }\) | \({\varvec{\beta}}\) | \(\boldsymbol{\alpha }+{\varvec{\beta}}\) | \({\varvec{\beta}}/(\boldsymbol{\alpha }+{\varvec{\beta}})\) | d |
|---|---|---|---|---|
0.409 | 0.206 | 0.615 | 0.334959 | 0.335 |
\(\boldsymbol{\alpha }\) | \({\varvec{\beta}}\) | \(\boldsymbol{\alpha }+{\varvec{\beta}}\) | \(\boldsymbol{\alpha }/(\boldsymbol{\alpha }+{\varvec{\beta}})\) | I |
|---|---|---|---|---|
0.409 | 0.206 | 0.615 | 0.665041 | 0.665 |