The stock market is weak form efficient

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Reference no: EM131230554

Market Efficiency:

A consulting firm was hired to determine whether a particular trading strategy could generate abnormal returns. The strategy involved taking positions based on recent historical movements in stock prices.

The strategy did not achieve abnormal returns.

Consequently, the consulting firm concluded that the stock market is weak-form efficient. Do you agree? Explain.

Reference no: EM131230554

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