Environmental Sciences, asked by mohanauligepal7308, 1 year ago

Hypothesis on impact of festival

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Answered by Ojasvi28

0

Seasonality effect which exists on stock market goes against Efficient Market Hypothesis proposed by Fama (1970). One of the reasons for presence of calendar effect is festivalscelebrated by the people of a nation which can have their impact of economic conditions of the country.

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