Autocorrelation and Runs Tests Are Used to Test the

question 45

Multiple Choice

Autocorrelation and runs tests are used to test the

• A) Weak-form efficient market hypothesis (EMH).
• B) Semistrong-form efficient market hypothesis (EMH).
• C) Strong-form efficient market hypothesis (EMH).
• D) Choices a and b
• E) All of the above.

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Definitions:

Categories

Distinctive groups or classes into which items, individuals, or concepts are divided based on shared characteristics or attributes.

Multinomial Experiment

An experiment that leads to outcomes categorized into more than two independent and mutually exclusive categories.

Identical Trials

Experiments or tests where each trial is repeated under the same conditions to ensure consistency in the data collected.

Outcome Probabilities

The likelihood of each possible result of a statistical experiment or random event.