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 |