In this test, use the information in the past year, 2012 – 2014, which is a Random Walk behaviour during the protest, we forecast that we can make Excess Return from Trading Pairs strategy.
The data used in this test by the year 2012 - 2014, which is the rejection behavior Random Walk are forecast to be more than we can do Excess Return of the Pairs Trading Strategy.
The test data used in the 1990. 2012 - 2014 which is rejected Random behavior Walk make us able to forecast. We can do Excess Return from strategy Pairs Trading.