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 |