Question: What is Efficient Market Hypothesis ( EMH ) ? Explain the theory with references also focusing on the assumptions of the theory. Provide your own

What is Efficient Market Hypothesis (EMH)? Explain the theory with references also focusing on the assumptions of the theory. Provide your own opinions and remarks about the assumptions of the theory with respect to the potential validity of EMH in real life. What are the three forms of market efficiency. Explain them with detail. Further explain the below cases in your own words: Are Technical Analysis and EMH parallel or contrary to each other? Are Fundamental Analysis and EMH parallel or contrary to each other? If you can observe Day of the Week Effect (DoW) in a stock market, is EMH valid in that market?

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