Emenike, Kalu O.; Joseph, Kirabo K. B. - In: Journal of Contemporary Economic and Business Issues 5 (2018) 1, pp. 35-50
context of random walk model, using both linear and non-linear models. The preliminary analysis from the USE daily returns …. Estimates from the linear models show evidence of weak-form efficiency. Conversely, estimates from non-linear models show … models and fundamental analysis. In other words, linear models and technical analyses may be clueless for predicting future …