Shmilovici, Armin; Alon-Brimer, Yael; Hauser, Shmuel - In: Computational Economics 22 (2003) 2, pp. 273-284
The weak form of the Efficient Market Hypothesis (EMH) states that current market price reflects fully the information from past prices and rules out prediction based on price data alone. No recent test of time series of stock returns rejects this weak-form hypothesis. This research offers...