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1.Discuss the process of Refining Alphas, and why this process is a good alternative to constrained optimization. 2.Describe the three forms of efficient markets hypothesis.

1.Discuss the process of Refining Alphas, and why this process is a good alternative to constrained optimization.

2.Describe the three forms of efficient markets hypothesis. Specify which of the three forms allows for generation of alpha using technical analysis.

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