Abstract
In recent years, advance in technology have made it possible for the stock markets
to trade in real time and also for large dataset to be available for statistical analysis.
Thus, we examined the impact of macroeconomic variables on the stock returns of
114 companies listed on the Nigerian Stock Exchange Market. We have established
the mathematical framework required to solve our model and perform various empir-
ical analysis on the stock market data and macroeconomic variable. The formulated
Macroeconomic Factor models are deployed to evaluate the e_ects of the macroeco-
nomic variables on a volatile economy and Ordinary Least Square procedure are de-
ployed to estimate the parameters of the model. We apply the model to the available
data and discovered that the stock market return volatility is inuenced by the selected
macroeconomic variables; Gross Domestic Product, Ination, Foreign Exchange Rate,
Unemployment, Interest Rate, Price of Crude Oil and Money supply.
CHRISTOPHER, F (2021). A Mathematical Model For Evaluation Of Assets Returns In A Volatile Economy. Afribary. Retrieved from https://afribary.com/works/a-mathematical-model-for-evaluation-of-assets-returns-in-a-volatile-economy
CHRISTOPHER, FANYAM "A Mathematical Model For Evaluation Of Assets Returns In A Volatile Economy" Afribary. Afribary, 13 May. 2021, https://afribary.com/works/a-mathematical-model-for-evaluation-of-assets-returns-in-a-volatile-economy. Accessed 25 Nov. 2024.
CHRISTOPHER, FANYAM . "A Mathematical Model For Evaluation Of Assets Returns In A Volatile Economy". Afribary, Afribary, 13 May. 2021. Web. 25 Nov. 2024. < https://afribary.com/works/a-mathematical-model-for-evaluation-of-assets-returns-in-a-volatile-economy >.
CHRISTOPHER, FANYAM . "A Mathematical Model For Evaluation Of Assets Returns In A Volatile Economy" Afribary (2021). Accessed November 25, 2024. https://afribary.com/works/a-mathematical-model-for-evaluation-of-assets-returns-in-a-volatile-economy