A "Runs Test" on Successive Stock Price Changes Which Supports

question 60

Multiple Choice

A "runs test" on successive stock price changes which supports the efficient market hypothesis would show the actual number of runs

• A) Falls into the range expected of a random series.
• B) Falls into the range expected of a dependent series.
• C) Is small.
• D) Is large.
• E) Would approximate N/2.

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