Question 1:
How do technicians and random-walk advocates vary in their view of the stock market?
Question 2:
Explain in brief the tests of weak form, semi-strong and strong form of proficient market hypothesis.
Question 3:
Illustrate the connection between the efficient-market hypothesis and the studies of mutual-fund performance?
Question 4:
Describe the implications of the serial-correlation tests for:
a) The random-walk theory
b) Technical analysis
c) Fundamental analysis
Question 5:
What series of events might bring regarding an efficient market?
Question 6:
Does the random-walk theory recommend that security price levels are random? Describe.
Question 7:
How is technical analysis usually regarded in the academic literature? Explain why? What do technical analysts have to say regarding this?