DocumentCode
2143889
Title
Does Chinese Stock Indices Agree with Benford´s Law?
Author
Zhao Shengmin ; Wu Wenchao
Author_Institution
Coll. of Econ., Nankai Univ., Tianjin, China
fYear
2010
fDate
24-26 Aug. 2010
Firstpage
1
Lastpage
3
Abstract
Benford´s law is used to describe the statistical character of first digits from natural and experimental data sets. In this paper, we examined the first digits distribution of two main indices in Chinese stock market, the SSE Composite index and SSE Component index. We find that Benford´s law reasonably holds for the two main Chinese stock indices. The result can be used in future research, like detecting anomalous behaviors in Chinese stock market.
Keywords
statistical distributions; stock markets; Benford law; Chinese stock indice; Chinese stock market; digits distribution; experimental data set; natural data set; statistical character; Companies; Frequency measurement; Histograms; Indexes; Psychology; Stock markets;
fLanguage
English
Publisher
ieee
Conference_Titel
Management and Service Science (MASS), 2010 International Conference on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-5325-2
Electronic_ISBN
978-1-4244-5326-9
Type
conf
DOI
10.1109/ICMSS.2010.5575999
Filename
5575999
Link To Document