A Data Analytical Study of the Japanese Equity Market over a Lengthy
Jarrett JE1* and Li Y2
1Management Science and Finance, University of Rhode Island, Kingston, RI, USA
2Doctoral Student (Finance), University of Rhode Island, USA
- *Corresponding Author:
- Jarrett JE
Professor, Management Science and Finance
University of Rhode Island, Kingston, RI, USA
Received Date: August 08, 2016; Accepted Date: August 26, 2016; Published Date: August 31, 2016
Citation: Jarrett JE, Li Y (2016) A Data Analytical Study of the Japanese Equity Market over a Lengthy Period. Bus Eco J 7: 241. doi: 10.4172/2151-6219.1000241
Copyright: © 2016 Jarrett JE, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
The primary goal is to examine the time series of the Japanese equity market over a lengthy period of time to determine aspects of this time series as it moves and what are the factors that may determine its. We study the Index of the Tokyo Exchange over nearly four decades by data analytical methods also known as exploratory data analysis with some principle methods of statistical testing. The aim is to put to rest some arguments concerning the applicability in long range memory modeling some use of methods based serial correlation in the data over this nearly four decades of monthly observations. Those in the past have indicated that Japanese time series of equity prices contain only small percentages of permanent and temporary components. Also, Japanese stock prices are often characterized by “bubbles” in their movements. The data analytics attempts to validate this phenomena over the length of this study.