Kumar, Anoop S - In: Wine Economics and Policy 10 (2021) 2, pp. 99-109
We test the nature of weak form informational efficiency present in the wine market using daily return of LIV-EX 50 index from 1/1/2010 to 12/6/2020. First, we employ a number of statistical tests including variance ratio tests, tests for linear and non-linear dependence and Hurst coefficient....
