frequently participate in the survey manage to significantly outperform the random-walk forecast. For the central bank's policy … rate, the market participants typically have a statistically significant higher forecast accuracy than the random-walk … forecast at the three-month horizon; however, at the two- and five-year horizons, the random-walk forecast typically outperform …

This paper presents an investigation into a random walk on a cycle graph with restricted forward movement at most $m …$ steps, known as the forward jump random walk. The study derives precise formulas for the probability mass function of the …

This paper investigates whether the commodities market in India follows the random walk process and whether they … deviate from the random walk theory (mean reversion). Daily log returns of the commodity future index (MCXCOMDEX) and three … sectoral indices are examined using the Augmented Dickey-Fuller test (ADF), GARCH, and E-GARCH model to test the random walk …

the evidence that the random walk hypothesis is not supported by the financial markets analysed in the period of the … random walk hypothesis. …