According to Investopedia, the weekend effect is a phenomenon in financial markets in which stock returns on
Question:
According to Investopedia, the weekend effect is a phenomenon in financial markets in which stock returns on Mondays are often significantly lower than those of the immediately preceding Friday. Although the cause of the weekend effect is debated, the trading behavior of individual investors appears to be at least one factor contributing to this pattern. Some theories that attempt to explain the weekend effect point to the tendency of companies to release bad news on a Friday after the markets close, which then depresses stock prices on Monday. For this homework question, you want to empirically test the weekend effect. Go to Yahoo Finance and enter the stock ticker symbol of the company that you want to analyze. Don't worry if you don't know the stock ticker symbol for the company you have in mind. Google it and you will find it. For the purposes of this question, it doesn't matter which company you select. You can choose to test the weekend effect on any publicly traded company in the U.S.. Yahoo Finance provides the historical stock trading data for the daily, weekly, and monthly frequencies. Please refer the screenshot, for complete question.Need code in R .Please provide Code in R.
Introduction To Probability And Statistics
ISBN: 9781133103752
14th Edition
Authors: William Mendenhall, Robert Beaver, Barbara Beaver