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- W1607479968 abstract "Abstract: This paper questions traditional approaches for testing the day-of-the-week effect on stock returns. We propose an alternative approach based on the closure test principle introduced by Marcus, Peritz and Gabriel (1976), which has become very popular in Biometrics and Medical Statistics. We test all pairwise comparisons of daily expected stock returns, while the probability of committing any type I error is always kept smaller than or equal to some prespecified level a for each combination of true null hypotheses. We confirm day-of-theweek effects for the SP" @default.
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- W1607479968 date "2002-11-01" @default.
- W1607479968 modified "2023-10-02" @default.
- W1607479968 title "The day-of-the-week effect revisited: An alternative testing approach" @default.
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