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Andrew W.Lo – Long-Term Memory In The Stock Market Prices (Article)
Andrew W.Lo - Long-Term Memory in the Stock Market Prices (Article)A test for long-run memory that is robust to short-range dependence is developed. It is a simple extension of Mandelbrot's "range over standard deviation" or R/S...
on Jul 23, 2019
Andrew W.Lo – A Non-Random Walk Down Wall Street
Andrew W.Lo - A Non-Random Walk Down Wall StreetFor over half a century, financial experts have regarded the movements of markets as a random walk-unpredictable meanderings akin to a drunkard's unsteady gait-and this hypothesis has become...
on Sep 24, 2019