Under weakformefficiency the assertion is that stochastic modeling of past data is useless since random walk processes generate short-term price movements.
弱形式有效性坚持以前数据的随机建模是无用的,因为随机行走过程产生短期价格移动。
2
This paper examines the weakformefficiency in Shanghai stock market from the beginning of 1991 to the end of 1996 by applying modern investment theories and empirical research method.