Table 3 Runs test Monthly... | Emerald Publishing

Table 3

Runs test

	Monthly first-differenced closing values
Test value^a	2.78
Cases < Test value	48
Cases ≥ Test value	49
Total cases	97
Number of runs	47
Z	−0.509
Asymp. sig. (2-tailed)	0.611

Note(s):

a

Median