Predict The Value of Production Rate For The Given 'B' Values 2. Plot Q Vs T and N Vs Q For The Computed Values 3. Predict The Production Rate After 15 Years
Run variance 60.3480 N- = Negative days Run stdev 7.7684 N+ =Positive days
z-stats -0.8494 (Observed runs -expected runs)/SD
Null hypothesis is accepted and BSE Prob-value 80% is weakly efficient
P<5%
Interpretation: Random walk theory has been likened to th
efficient market hypothesis (EMH), as both theories agree i impossible to outperform the market. However, EMH argu that this is because all of the available information will alrea be priced into the stock’s price, rather than that markets ar disorganised in any way. The weak-form EMH assumes tha current stock prices fully reflect all security marke informa the historical sequence of prices, rates of return, trading vo data, and other market-generated information, such as odd transactions and transactions by market makers. Thus, pas rates of return and other historical market data should hav relationship with future rates of return. Efficient market een likened to the h theories agree it is ever, EMH argues rmation will already n that markets are EMH assumes that y marke information - eturn, trading volume tion, such as odd-lot makers. Thus, past data should have no ficient market
Predict The Value of Production Rate For The Given 'B' Values 2. Plot Q Vs T and N Vs Q For The Computed Values 3. Predict The Production Rate After 15 Years