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2. How joint hypothesis theorem explains why efficient market hypothesis cannot be definitively proved or disproved?

Sagot :

Answer:

2 jhong parang mafia

Explanation:

manny tayi

Answer:

A joint hypothesis imposes restrictions on multiple regression coefficients. This is different from conducting individual -tests where a restriction is imposed on a single coefficient.

The efficient-market hypothesis is a hypothesis in financial economics that states that asset prices reflect all available information. A direct implication is that it is impossible to "beat the market" consistently on a risk-adjusted basis since market prices should only react to new information.