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Is each of the following statement true or false? Briefly explain your answers Suppose that you are a quantitative stock analyst who has built a
Is each of the following statement true or false? Briefly explain your answers
Suppose that you are a quantitative stock analyst who has built a model that uses todays stock return to predict whether the next days stock price increases or decreases. You have found that your model correctly predicts next-day stock price changes for half of the trading days during your five years career. This observation contradicts the weak form of efficient market hypothesis.
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