IJMT Volume 3, Issue 5 ISSN: 2249-1058
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A Monthly Double-Blind Peer Reviewed Refereed Open Access International e-Journal - Included in the International Serial Directories
Indexed & Listed at: Ulrich's Periodicals Directory ©, U.S.A., Open J-Gage, India as well as in Caďell’s DireĐtories of Puďlishing Opportunities, U.S.A.
International Journal of Marketing and Technology
http://www.ijmra.us
57
May
2013
Lognormal distribution of demand for
Equity shares
Omondi J. Ouno
Omolo
-
Ongati*
Onyango S. N
Abstract
In this paper we show that the demand dynamics of equity is a random walk process. This
property enables us to model the distribution of the process of demand for equity by lognormal
distribution.
Key words: Lognormal distribution, Skewness, Random Walk, Equity and Demand
Primary 62P05, Secondary 82B41
School of Mathematics and Actuarial Science, Bondo University College, Bondo, Kenya
KCA University, Nairobi, Kenya