This paper expounds the nitty-gritty of stock returns transitory, periodical behavior </span></span><span style="font-family:Verdana;"><span style="font-family:Verdana;"><...This paper expounds the nitty-gritty of stock returns transitory, periodical behavior </span></span><span style="font-family:Verdana;"><span style="font-family:Verdana;"><span style="font-family:Verdana;">of </span></span></span><span><span><span style="font-family:""><span style="font-family:Verdana;">its markets’ demands and cyclical-like tenure-changing of number of the stocks sold. Mingling of autoregressive random processes via Poisson and Extreme-Value-Distributions (Fréchet, Gumbel, and Weibull) error terms were designed, generalized and imitated to capture stylized traits of </span><span style="font-family:Verdana;">k-serial tenures (ability to handle cycles), Markov transitional mixing weights</span><span style="font-family:Verdana;">, switching of mingling autoregressive processes and full range shape changing </span><span style="font-family:Verdana;">predictive distributions (multimodalities) that are usually caused by large fluctuation</span><span style="font-family:Verdana;">s (outliers) and long-memory in stock returns. The Poisson and Extreme-Value-Distributions Mingled Autoregressive (PMA and EVDs) models were applied to a monthly number of stocks sold in Nigeria from 1960 to 2020. It was deduced that fitted Gumbel-MAR (2:1, 1) outstripped other linear models as well as best</span></span></span></span><span><span><span style="font-family:""> </span></span></span><span><span><span style="font-family:""><span style="font-family:Verdana;">fitted among the Poisson and Extreme-Value-</span><span style="font-family:Verdana;">Distributions Mingled autoregressive models subjected to the discrete monthly</span><span style="font-family:Verdana;"> stocks sold series.展开更多
文摘This paper expounds the nitty-gritty of stock returns transitory, periodical behavior </span></span><span style="font-family:Verdana;"><span style="font-family:Verdana;"><span style="font-family:Verdana;">of </span></span></span><span><span><span style="font-family:""><span style="font-family:Verdana;">its markets’ demands and cyclical-like tenure-changing of number of the stocks sold. Mingling of autoregressive random processes via Poisson and Extreme-Value-Distributions (Fréchet, Gumbel, and Weibull) error terms were designed, generalized and imitated to capture stylized traits of </span><span style="font-family:Verdana;">k-serial tenures (ability to handle cycles), Markov transitional mixing weights</span><span style="font-family:Verdana;">, switching of mingling autoregressive processes and full range shape changing </span><span style="font-family:Verdana;">predictive distributions (multimodalities) that are usually caused by large fluctuation</span><span style="font-family:Verdana;">s (outliers) and long-memory in stock returns. The Poisson and Extreme-Value-Distributions Mingled Autoregressive (PMA and EVDs) models were applied to a monthly number of stocks sold in Nigeria from 1960 to 2020. It was deduced that fitted Gumbel-MAR (2:1, 1) outstripped other linear models as well as best</span></span></span></span><span><span><span style="font-family:""> </span></span></span><span><span><span style="font-family:""><span style="font-family:Verdana;">fitted among the Poisson and Extreme-Value-</span><span style="font-family:Verdana;">Distributions Mingled autoregressive models subjected to the discrete monthly</span><span style="font-family:Verdana;"> stocks sold series.
