According to the Random Walk Hypothesis,price(s)

question 47

Multiple Choice

According to the random walk hypothesis,price(s)

• A)over time are independent of one another.
• B)changes over time are independent.
• C)levels over time are independent.
• D)changes today are dependent on yesterday's price changes.

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Definitions:

Percentile

A statistical measure indicating the value below which a given percentage of observations in a group of observations falls.

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