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AuthorAl Omar, Husain
AuthorAl-Muraikhi, Husain F.
Available date2009-11-25T12:41:23Z
Publication Date2008
Publication NameStudies of Business and Economics
CitationStudies of Business and Economics, 2008, Vol. 14, No. 2, Pages 65-75.
URIhttp://hdl.handle.net/10576/6844
AbstractThis paper provides empirical evidence on the profitability of the alternative expectation formation mechanisms in the case of Kuwait Stock Exchange as an example of an emerging market. The results indicate that both extrapolative and adaptive expectations are profitable while regressive expectations are not. In addition, the results imply that extrapolative expectations are more profitable than adaptive. An important conclusion of this paper is that the market suffers form inefficiency since future trend of the market can be predicted from its past performance, a phenomenon shared by emerging markets.
Languageen
PublisherQatar University
SubjectKuwait Stock Market
TitleProfitability of Expectation Based on Trading Rules: A Study on Kuwait Stock Market
TypeArticle
Pagination65-75
Issue Number2
Volume Number14


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