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 |