Hrvatsko društvo ekonomista

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July 2014. ::: Vol.65 No. 03

Tihana Škrinjarić
Vedran Kojić

MODELLING STOCK RETURNS ON ZAGREB STOCK EXCHANGE BY USING MARKOV CHAINS Izvorni znanstveni članak This paper illustrates the application of the Markov chains methodology in predicting stock returns on Zagreb Stock Exchange. Comparing with other mathematical and econometric tools, the Markov chains methodology is a simple and nonparametric methodology which has still not been researched enough in problems of stock returns modeling. The main aim of this paper is introducing this methodology into domestic literature and giving new ideas for the future researches. Markov chains; stock market; Zagreb Stock Exchange; stock returns. Puni tekst: pdf (432 KB), Hrvatski, Str. 207 - 221

MODELLING STOCK RETURNS ON ZAGREB STOCK EXCHANGE BY USING MARKOV CHAINS

Izvorni znanstveni članak

This paper illustrates the application of the Markov chains methodology in predicting stock returns on Zagreb Stock Exchange. Comparing with other mathematical and econometric tools, the Markov chains methodology is a simple and nonparametric methodology which has still not been researched enough in problems of stock returns modeling. The main aim of this paper is introducing this methodology into domestic literature and giving new ideas for the future researches.

Markov chains; stock market; Zagreb Stock Exchange; stock returns.

Puni tekst: pdf (432 KB), Hrvatski, Str. 207 - 221