-occur with each other. Design/methodology/approach - Following Bachelier’s strict random walk model, we quantified a weak-form … of informational inefficiency of the market in a weak form. The authors intend to examine whether these phenomena co …

, Poland, Bulgaria, the Slovak Republic, Latvia, Estonia, and the Czech Republic) markets for evidence of weak-form market … Latvia. Then, in order to examine the weak-form market efficiency, DF-GLS (1996), Phillips-Perron (1988) and Lee … root, in other words, are non-stationary. In the period analyzed, the results suggest that the weak-form efficient market …

, Poland, Bulgaria, the Slovak Republic, Latvia, Estonia, and the Czech Republic) markets for evidence of weak-form market … Latvia. Then, in order to examine the weak-form market efficiency, DF-GLS (1996), Phillips-Perron (1988) and Lee … root, in other words, are non-stationary. In the period analyzed, the results suggest that the weak-form efficient market …

. Estimates from the linear models show evidence of weak-form efficiency. Conversely, estimates from non-linear models show … evidence against weak-form efficiency of the USE. The study concludes that USE returns may only be predicted using non …

. Estimates from the linear models show evidence of weak-form efficiency. Conversely, estimates from non-linear models show … evidence against weak-form efficiency of the USE. The study concludes that USE returns may only be predicted using non …

tested Weak-Form Market Efficiency for investigated markets. As a result, we found out the negative correlation between the …