Abstract
The study is attempted to verify whether the past data of stock price is influencing the future price or not. The present study is carried out to verify the presence of volatility of Nifty Auto Index. The daily closing index has been taken for this study. Data collected from January 1st 2014 to May 30th 2016(592 observations). For this analysis, the GARCH model is applied to verify the volatility Presence. The study results exhibited that Nify auto index not confirms volatility presence by using GARCH(1,2) model. The other time series test like Unit- root test, LM Test (Breusch-Godfrey Serial Correlation LM Test), Heteroscedasticity test is applied. The empirical findings revealed that volatility is not present in the Nifty auto index from the period of January 1st 2014 to May 30th and the past data is not influenced the future data.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Asian Journal of Research in Social Sciences and Humanities
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
