The estimation of a wind farm’s power curve, which links the wind speed to the power that is produced by the whole wind farm, is a challenging task because this relationship is nonlinear and bounded, in addition to being non-stationary due for example to changes in the site environment and...

In this article we test the weak form of the efficient market hypothesis for Central and Eastern Europe (CEE) equity markets for the period 1999-2009. To test weak-form efficiency in the markets, this study uses autocorrelation analysis runs test and variance ratio test. We find that stock...

This paper investigates the Islamic calendar seasonal anomalies in the stock returns of twelve countries where the majority of the population are Muslims. We show empirical evidence of statistically significant Islamic calendar seasonal effects in all twelve countries of our sample. We document...

The Market Efficiency explains the relationship between information and the share prices in the market. The “Calendar Anomalies” are the best-known examples of inefficiencies in the Capital Markets. The existence of the calendar anomalies is a denial of the weak form of efficient market...