A contemporaneous relation between price and volume has been established by the present study which proves contrary to the Efficient Market Hypothesis. The methodology adopted for the study is that of Granger-Causality Test which investigates the dynamic relationship between price and volume...

The regression method for analysing changes in variables over the time and cross-section has become very popular in the present day world. The method is undoubtedly very powerful but it is based on several assumptions and if any of its assumptions do not hold good for a particular sample, its...