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Can someone help me with this economics question? In 1978, when Bob Hall first derived the random walk hypothesis of consumption, he tested statistically whether

Can someone help me with this economics question?

In 1978, when Bob Hall first derived the random walk hypothesis of consumption, he tested statistically

whether past economic variables could predict changes in consumption. He found that stock prices

had some (statistically significant) power to predict subsequent changes in consumption. What does

this tell us about the random walk hypothesis?

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