Market Efficiency

Welcome to the 1st edition of Market Efficiency: Day of the Week effect.
This book introduces Weak Form Efficiency via a specific anomaly, the Day of the Week effect. It covers the basic fundamentals of capital markets, the setting of stock prices in stock exchanges, random walk theory, and moves on to the concept of market efficiency and the Efficient Market Hypothesis. Lastly we look at market efficiency tests and make further discussion on weak form efficiency tests.
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