Title :
Does Chinese Stock Indices Agree with Benford´s Law?
Author :
Zhao Shengmin ; Wu Wenchao
Author_Institution :
Coll. of Econ., Nankai Univ., Tianjin, China
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;
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
DOI :
10.1109/ICMSS.2010.5575999
