Suppose that in every last week of November stock prices go up by an average of 3%.

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Suppose that in every last week of November stock prices go up by an average of 3%. Would this constitute evidence in favor of or against the efficient market hypothesis?

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Economics of Money Banking and Financial Markets

ISBN: 978-0134733821

12th edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 30, 2018 07:54 AM

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Suppose that in every last week of November stock prices go up by an average of 3%.

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If there is a phenomenon that takes place regularly and it ...View the full answer

Economics of Money Banking and Financial Markets

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