Which of the following is not a documented feature of equity returns in Australia?
A) platylurtosis
B) lognormality
C) skewness
D) none of the above

Question

Quizplus · Accepted Answer

Research into Australian returns,for example by Beedles (1986),documented evidence of non-normality and positive skewness.Hence,the only incorrect answer is platykurtosis,as this is not a documented feature of Australian equity returns.

Which of the Following Is Not a Documented Feature of Equity