Skip to main content

Table 3 Descriptive Statistics for Frontier Markets

From: Evaluation of forecasting methods from selected stock market returns

Country Mean Standard Deviation Skewness Kurtosis Jarque–Bera Statistic Tsay Test
Argentina 0.120985 2.162861 0.018419 7.202958 3230.709
(0.00000)
Nonlinear
Estonia 0.052646 1.036820 0.316893 14.29612 24,406.12
(0.00000)
Nonlinear
Kenya 0.012726 0.831383 0.555709 15.16038 28,057.55
(0.00000)
Nonlinear
Tunisia 0.035152 1.292467 0.603647 20.46153 59,408.84
(0.00000)
Nonlinear
Sri Lanka 0.066494 1.128874 0.993308 43.75095 300,319.2
(0.00000)
Nonlinear