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Abstract
The paper is an attempt to test the “serial independence” of stock prices at HoСhiMinh City Stock Exchange Center (HSEC) in Vietnam by applying the ARIMA model for preliminary assessment in terms of its market efficiency. From findings derived, it appears to be that: (a) ARIMA model could be applied for testing the serial independence of stock prices at the HSEC; (b) It is failed to prove that the HSEC market is not a weak-form efficient one; and (c) the “sheep flock effect” psychology is a factor dominated at the HSEC during the past two years.
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Article Details
Issue: Vol 7 No 3 (2004)
Page No.: 5-12
Published: Mar 31, 2004
Section: Article
DOI: https://doi.org/10.32508/stdj.v7i3.3170
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Copyright: The Authors. This is an open access article distributed under the terms of the Creative Commons Attribution License CC-BY 4.0., which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
How to Cite
Hao Thi, C., Phu, P., & Ngoc Thuy, P. (2004). APPLICATION OF ARIMA MODEL FOR TESTING “SERIAL INDEPENDENCE” OF STOCK PRICES AT THE HSEC. Science and Technology Development Journal, 7(3), 5-12. https://doi.org/https://doi.org/10.32508/stdj.v7i3.3170
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