Application of Markov Chain in Predicting Change in Opening Stock Price


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Authors

  • Waikhom Rojen Singh Department of Mathematics, Jayoti Vidyapeeth Women’s University, Jaipur, Rajasthan, India
  • Surendra Kumar Srivastava Department of Mathematics, Jayoti Vidyapeeth Women’s University, Jaipur, Rajasthan, India
  • Jyoti Ratlia Department of Mathematics, Jayoti Vidyapeeth Women’s University, Jaipur, Rajasthan, India

Keywords:

Markov Process, Transition Matrix, Initial state probability distribution, Steady State

Abstract

The objective of this present paper is to predict the prompt future change in opening stock price and to find steady state transition probability matrix. The opening stock price of National Stock Exchange NIFTY 50 of India from January to July 2017 was studied and opening price of Stock was scrutinized as following Markov chain. This method is widely applied in Stock Exchange and Business area.

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Published

01-11-2017

How to Cite

Waikhom Rojen Singh, Surendra Kumar Srivastava, & Jyoti Ratlia. (2017). Application of Markov Chain in Predicting Change in Opening Stock Price. International Journal of Mathematics And Its Applications, 5(4 - B), 219–223. Retrieved from https://ijmaa.in/index.php/ijmaa/article/view/1260

Issue

Vol. 5 No. 4 - B (2017)

Section

Research Article

License

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