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Aggregational Gaussianity In The South African Equity Market

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Figure

Figure 1: Q-Q- Plots Taken From a Study by Herlemont (2003) on the CAC-40 (Period 1990-2003) for a Variety of Terms - 10 Seconds, 1 Minute and 10 Minutes
Figure 2: Q-Q- Plots Taken From a Study by Herlemont (2003) on the CAC-40 (Period 1990-2003) for a Variety of  Terms - Jour (Daily), Mois (Monthly), Trimestre (Quarterly) and Semestre (6 Monthly)
Figure 3: Q-Q Plots From the JSE All-Share Index for the Period 1996-May 2012 (Inclusive) for a Variety of Terms   From Daily to Annually (Return Data is Overlapping)
Figure 4:  Graphical Illustration of the Proportion of Trials Failing Normality  Tests (Via AD and SW) as Term is Increased
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