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There is no more information or data. Suppose you regress returns r_t on x_t with x_t known to the public at time t. You find
There is no more information or data.
Suppose you regress returns r_t on x_t with x_t known to the public at time t. You find that the slope on x_t is statistically significant. Does this contradict the semi-strong form of the EMH? Why or Why notStep by Step Solution
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