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English to Romanian translations [PRO] Bus/Financial - Economics
English term or phrase:non-random walk
>Non-Random Walk< Theory
A >Non-Random Walk< Down Wall Street is a collection of essays offering empirical evidence that valuable information can be extracted from security prices. Lo and MacKinlay used powerful computers and advanced econometric analysis to test the randomness of security prices. Although this book is a heavy read, the findings should be of interest to technical analysts and chartists. In short, this book documents the presence of predictable components in stock prices.