Use the dataset NYSE.DTA for this exercise. The data comes from the New York Stock Exchange and contains daily closing price and total volume of trades from January 2005 to December 2010. The New York Stock Exchange is open Monday through Friday. Is there evidence that the closing price (adjclose) is a highly persistent series. Explain the evidence briefly

Answer rating: 100% (QA)

To determine if the closing price adjclose is a highly persistent series we can perform a timeseries ... View the full answer