Application of Benford's Law on Stock Turnover
Journal Title: International Journal of Business and Management Invention - Year 2019, Vol 8, Issue 1
Abstract
This paper is study conducted on the existence of Benford Law. This paper tests the usage of this law on stock turnover of the shares in the Indian Stock Exchange. With the data available online from BSE, the stock turnover conforms to Benford Law. This paper studies four Indian stocks from the period 1998-2018. Based on the data analysed, it can be concluded that: the four stocks studied obeys the Benford Law.
Authors and Affiliations
Akaash Balamurugan, Apthi Harish, Siddharth Gandhi
Keywords
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