International Journals of Marketing and Technology
  • Year: 2013
  • Volume: 3
  • Issue: 5

Lognormal distribution of demand for equity shares

  • Author:
  • Omondi J. Ouno, Omolo-Ongati , S. N. Onyango
  • Total Page Count: 6
  • Page Number: 57 to 62

*School of Mathematics and Actuarial Science, Bondo University College, Bondo, Kenya

**KCA University, Nairobi, Kenya

Online published on 8 October, 2013.

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.

Keywords

Lognormal distribution, Skewness, Random Walk, Equity and Demand Primary 62P05, Secondary 82B41