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Table 1 Descriptive Statistics for Developed Markets

From: Evaluation of forecasting methods from selected stock market returns

Country Mean Standard Deviation Skewness Kurtosis Jarque–Bera Statistic Tsay Test
Australia 0.016900 0.981318 − 0.366178 8.451780 5732.678
(0.00000)
Nonlinear
Canada 0.016719 1.043102 −0.466783 13.58932 21,277.95
(0.00000)
Nonlinear
France 0.005790 1.429676 0.141474 8.712746 6275.928
(0.00000)
Nonlinear
Germany 0.021703 1.475373 0.097060 8.111260 4987.257
(0.00000)
Nonlinear
Japan 0.019562 1.501151 −0.211389 9.413287 7642.163
(0.00000)
Nonlinear
Korea 0.040316 1.384506 −0.350392 9.724636 8473.831
(0.00000)
Nonlinear
Switzerland 0.007731 1.174780 −0.012284 10.18851 9766.624
(0.00000)
Nonlinear
UK 0.009243 1.171826 −0.004334 9.918071 9061.453
(0.00000)
Nonlinear
US 0.020694 1.147998 −0.089045 12.10219 15,630.08
(0.00000)
Nonlinear