Zastosowanie testów parametrycznych i nieparame-trycznych do oceny sytuacji na światowym rynku kapitałowym przed kryzysem i po jego wystąpieniu
Application of parametric and nonparametric tests to the evaluation of the situation on the world financial market in the pre- and post-crisis period

Summary/Abstract: Financial time series analysis lets us evaluate the situation on the market and predict future changes. Therefore great variety of statistical and econometric methods is used, parametric and nonparametric tests among others. However, high frequency financial series often do not fulfill assumptions required for parametric tests applications and the question appears if they should be used in such a case. The aim of the research is the application of selected parametric and nonparametric tests to state about the financial market situation and comparison the obtained results. The research concerns the basic stock exchanges’ indexes from different continents in the years 2005-2012.

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