The random walk theorem, first presented by French mathematician Louis Bachelier in 1900 and then expanded upon by economist Burton Malkiel in his 1973 book A Random Walk Down Wall Street, asserts ...

This is a preview. Log in through your library . Abstract Let $[X_n, n \geq 0]$ be a Markov chain on a general state space X with transition probability P and stationary probability π. Suppose an ...

Research of the probability and statistics group includes particle systems, theoretical statistics, non-conventional random walks, random matrix theory, and random polynomials. Research interests also ...

Random walks and percolation theory form a fundamental confluence in modern statistical physics and probability theory. Random walks describe the seemingly erratic movement of particles or entities, ...

Random walk theory is a financial model which assumes that the stock market moves in a completely unpredictable way. The hypothesis suggests that the future price of each stock is independent of its ...

Many theorists examine the behavior of stock prices, and the random walk hypothesis attempts to explain why stocks move the way they do. The random walk hypothesis states that stock market prices ...

This is a preview. Log in through your library . Abstract The LBI (locally best invariant) test is suggested under normality for the constancy of regression coefficients against the alternative ...