MODELLING OF BIST TOURISM INDEX’S TRADING VOLUME WITH STABLE PARETIAN DISTRIBUTIONS

Yıl 2017, Cilt: 6 Sayı: 1, 11 - 18, 30.12.2017

Hulya Basegmez Elif Cekici

https://doi.org/10.17261/Pressacademia.2017.738

Öz

Purpose- The contribution of tourism
sector to the national economy is crucial. But the sector has a structure which
is always hold risks and uncertainties. 
For this purpose, the distribution of daily trading volumes of the
tourism companies that are located in the high-risk tourism sector and traded
in BIST will be modelled.

Methodology-
As the distribution of BIST Tourism trading volume data does not suitable
for normal distribution, it is modeled by analyzing with stable distributions.

Findings-
The parameters of stable distribution are estimated according to the quantiles
method which one of the most used estimation methods.

Conclusion-
Estimated parameter values show that the stable distributions can be used as an
appropriate model for daily trading volume of BIST tourism index. 

Anahtar Kelimeler

Stable distributions, BIST, Symmetric stable distributions

Kaynakça

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