Anand, Vijai; Dulababu, Tapal - In: Journal of Applied Management and Investments 1 (2012) 1, pp. 67-70
The EMH (Efficient Market Hypotheses) is one of the most incessant and respected theories in finance, yet it still comes under heavy criticism. The EMH has been based on an earlier theory that the market prices follow a random walk, hence they are unpredictable. For the purpose of the research,...