Application of Markov Chain Techniques for Selecting Efficient Financial Stocks for Investment Portfolio Construction

Table 3

Chi-square test for goodness of fit for the Markov chain model.

Equity	Test statistics	df	value
Access	0.051	2	0.975
ADB	0.877	2	0.645
CAL	0.154	2	0.926
EGH	0.044	2	0.978
ETI	0.288	2	0.866
EGL	0.048	2	0.976
GCB	0.078	2	0.962
RBG	0.389	2	0.823
SIC	0.054	2	0.973
SG-GH	0.178	2	0.915
SCB	0.072	2	0.965
TBG	0.108	2	0.947