A guide on the univariate tests on the weak form efficiency applied to the foreign exchange market

• Main Authors: Bulang, Diana Marie K., Dizon, Raymond G., Rocafor, Edric Anthony C., Yu, Rachel Mae C.
• Format: text
• Language: English
• Published: Animo Repository 2009
• Subjects: Foreign exchange market; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/18414
• Institution: De La Salle University

This paper provides a guide in testing the weak form efficient market hypothesis applied to foreign exchange markets evidence by the presence of a martingale or random walk property. Various econometric models would be explained along with their respective limitations or issues. The various univaria...