ISRT student wins Research Excellence Award at WCASET 2025 in held in Bangkok on December 18–19, 2025.
Nijam Uddin Sarkar, a Master’s student at the Institute of Statistical Research and Training (ISRT) at the University of Dhaka, was received the Research Excellence Award (Student Category) at the 49th World Conference on Applied Science, Engineering and Technology (WCASET 2025), held in Bangkok, Thailand, on December 18–19, 2025.
He won the award for his research paper titled “The Statistical Random Walk Wins: Why Financial Models Fail in South Asian Emerging Markets.” The study employs machine-learning–based financial statistical methods to show that South Asian emerging markets predominantly exhibit random-walk behaviour, offering insights into why conventional financial models often fail to explain abrupt market movements and unexpected economic shocks.
The ISRT family congratulates Nijam for his scholarly achievement.