Buzzacchi, Luigi; Ghezzi, Luca - In: International Journal of Financial Studies : open … 11 (2023) 1, pp. 1-13
This study makes use of a very long time series of the S&P Composite Index, checking once more that the rates of return benefit from aggregational normality. It performs unit root tests as well as elementary statistical tests that take advantage of normality. It finds that mean blur is not...