How do technicians and random-walk advocates vary in their view of the stock market?
describe in brief the tests of weak form, semi-strong and strong form of proficient market hypothesis.
Illustrate the connection between the efficient-market hypothesis and the studies of mutual-fund performance?
Describe the implications of the serial-correlation tests for:
a) The random-walk theory
b) Technical analysis
c) Fundamental analysis
What series of events might bring regarding an efficient market?
Does the random-walk theory recommend that security price levels are random? Describe.
How is technical analysis usually regarded in the academic literature? describe why? What do technical analysts have to say regarding this?