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Unformatted text preview: 0.0235, and the kurtosis is 1.0446. The average daily return for Nokia in this period is 0. The skewness of the return is 0.2243, and the kurtosis is 5.6092. a) Does the monthly return of Nokia come from a normal distribution? Explain your answer in detail in order to receive full credit. The skewness and the kurtosis are not equal to the values for the normal distribution, so the distribution is not exactly normal. However, it could probably be approximated with a normal distribution. b) Does the daily return of Nokia come from a normal distribution? Explain your answer in detail in order to receive full credit. The skewness and the kurtosis are far away from the values of the normal distribution. It is clear from the graph that there are outliers both to the left and to the right of the mean. Therefore, the daily distribution of Nokia is not normal....
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 Spring '09
 Clarke
 Management

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