Vidanage, Thushari; Dayaratna-Banda, O.G. - In: South Asia Economic Journal 13 (2012) 2, pp. 241-264
This article examines as to whether past stock prices in the Colombo Securities Exchange (CSE) exhibit predictability of future prices by using various statistical tests for the period from 1985 to 2009 on daily data. The findings of various statistical tests generated mixed results. The results...