If a researcher conducting empirical tests of a trading strategy using time series of returns finds statistically

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If a researcher conducting empirical tests of a trading strategy using time series of returns finds statistically significant abnormal returns, then the researcher has most likely found:

A. A market anomaly.

B. Evidence of market inefficiency.

C. A strategy to produce future abnormal returns.

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Related Book For  answer-question

Investments Principles Of Portfolio And Equity Analysis

ISBN: 9780470915806

1st Edition

Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard

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