论文代写-独立测试
本文通过对这一假设提供了一些额外的依赖测试。它指出独立测试有两个不同的过程。例如，可以进行纯统计测试。所有这些都被用来详细阐述这个假设是否正确的本质。这是一项重大贡献。
从这篇文章的使用来看，未来关于价格变化分布的研究已经有了两门可能的课程。在本文写作之前，大部分研究都集中在寻找与价格变化经验分布相一致的统计性质的分布(Fama, 1965)。相对而言，花费较少的精力去探索提供经验分布上升的常见过程。在这一视角下，任何一般的价格形成模型都不存在于股票市场中，用来解释价格水平和价格变动在一般经济变量行为上的分布。通过本文提供的建议，可以开发和测试模型，在理论上可以为建立强大的基础做出巨大贡献。本文还建议利用蒙特卡罗技术，建立一个近似的抽样理论。甚至当密度函数相关的显式表达不为人所知时，也会出现这种情况。
本文简要地指出，在不同的情况下，在不同的情况下，对于长尾自然的经验分布频率，在这样的结果下，个体的后续态度是相似的。然而，有效市场假说是最重要的贡献。根据这个假设，如果市场是有效的，那么价格的变化将会立即反映出来，否则他们将不会(Fama, 1965)。
The paper has added by providing some additional dependence tests for this hypothesis. It states that there are two distinct processes for independent testing. Pure statistics test can be carried out for example. All these have been utilized in order to elaborate completely the nature of whether this hypothesis is right or not. This has been a major contribution.
From the use of this article, two possible courses have been taken by future research over price change distribution. Until the writing of this article, most of the research was focused on only finding the distribution of statistical nature which can coincide with price change empirical distributions (Fama, 1965). Relatively there was lesser effort being spent to explore the much common processes providing empirical distribution rise. Within this perspective, any general price formation model did not exist within the market of stocks for explaining the level of price and price changes distribution with regard to the behaviour of general variables of economics. With the suggestions provided in this article, it has been possible to develop and test models that can greatly contribute towards establishment of a strong foundation theoretically. The article also recommended making use of techniques of Monte Carlo in order to develop an approximate theory of sampling. This was suggested even when density functions related explicit expression are not known.
The article in brief stated that provided the empirical distribution frequency of long tailed nature being under observation, in various situations, subsequent attitude of an individual under such results will be similar. Efficient market hypothesis however is the most essential contribution. According to this hypothesis, if market is efficient, then the price changes will immediately reflect or else they will not (Fama, 1965).
