Forecasting stock indices with the COVID-19 infection rate as an exogenous variable
Mohammad Saha A. Patwary,
Kumer Pial Das
Abstract:Forecasting stock market indices is challenging because stock prices are usually nonlinear and non- stationary. COVID-19 has had a significant impact on stock market volatility, which makes forecasting more challenging. Since the number of confirmed cases significantly impacted the stock price index; hence, it has been considered a covariate in this analysis. The primary focus of this study is to address the challenge of forecasting volatile stock indices during Covid-19 by employing time series analysis. In p… Show more
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