Do Vehicles on Highways Help to Predict the Malaysian Stock Market?

Tuck Cheong Tang ()

The IUP Journal of Applied Economics, 2008, vol. VII, issue 2, 25-30

Abstract: The study proposes a theorem on the predictability of stock prices by using highway traffic as a variable. Using the Malaysian data and Granger causality approach, this study suggests that vehicles on highways help to predict the Malaysian stock prices. This study adds to the literature by finding the hidden variable in predicting the stock market prices. This finding also indicates informational inefficiency in the Malaysian stock market.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjae:v:07:y:2008:i:2:p:25-30

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