Random Walk Theories of the Stock Market
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Authors
Kodiak, Karl Thomas
Issue Date
1972
Type
Thesis
Language
en_US
Keywords
Alternative Title
Abstract
If one could predict future prices of var10us stocks
in the stock market, one could make a fortune. Because of
this, many theories dealing with future stock price changes
have been developed, but no single theory has been completely
successful at pred1ct1ng these future price changes. One of
theories is the "random walk" theory which grew out of stat1stical
research on pr1ce changes. Today, it 1s a major
theory of the stock market. The term "random walk" has come to have many mean1ngs when used in connect1on with stock
pr1ces, because s1nce 1900, many different theor1es have been
labeled "random walk." A brief histor1cal. sketch may be
appropriate to describe some of these theories.
Description
v, 65 p.
Citation
Publisher
Kalamazoo College
License
U.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.