2021
DOI: 10.33094/8.2017.2021.91.1.7
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Modeling for Stock Price Forecasting in Colombo Stock Exchange: An Historical Analysis of Stock Prices

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“…Also, prior literature (Mettle et al, 2014;Pacifico, 2021;Dar et al, 2022) still contends that stock prices follow a Markov process which is consistent with the weak form efficiency. Implying that to some extent, stock prices still encapsulate previous price history although the main driver is relevant new information (Liyanagamage and Madusanka, 2021). Many studies on modelling stock price have actively argued that the expected stock price changes in an infinitesimal time dt is constant and independent of past price movement.…”
Section: Introductionmentioning
confidence: 99%
“…Also, prior literature (Mettle et al, 2014;Pacifico, 2021;Dar et al, 2022) still contends that stock prices follow a Markov process which is consistent with the weak form efficiency. Implying that to some extent, stock prices still encapsulate previous price history although the main driver is relevant new information (Liyanagamage and Madusanka, 2021). Many studies on modelling stock price have actively argued that the expected stock price changes in an infinitesimal time dt is constant and independent of past price movement.…”
Section: Introductionmentioning
confidence: 99%