英国论文代写价格归档 - 第30页共31页

研究结果表明，随机漫步的各种测试结果表明，随机漫步在DSE中是不存在的。这种随机性的偏差可能是由于市场上的流动性不足，市场参与者缺乏经验，交易清淡(Abbas, 2014)。该研究为投资者提供了证据和暗示，说明交易量和历史价格，以及对大马士革证券交易所市场回报的预测。因此，投资者有可能产生不正常的利润。然而，重要的是，投资者认为，由于缺乏流动性和效率低下的市场(Abbas, 2014)，存在重大损失的可能性。由于DSE既是新生市场，又是年轻市场，因此，美国证券交易委员会(Securities and Exchange Commission，简称sec)需要对信息效率的提高进行一定程度的评估，并向投资者灌输信心。

另一篇由Fama所做的贡献，并在有效市场假说的基础上进行研究的文章，是由John Armour和Brian Cheffins开发的，其主题是股票市场价格和企业控制市场(Armour and Cheffins, 2016)。在本研究中，Fama的贡献被扩展到对公司收购的评估中，以了解公司的股票市场和股票价格。

The overall findings made from the research indicate that the variety of tests for the random walks lead to the conclusion that the random walks are absent in the DSE. The deviation from the randomness can be due to the illiquidity in the market, experience lacked by the participants of the market and thin trading (Abbas, 2014). The study provides with the evidence and implication for the investors that the volume traded and the historical prices and enable prediction of the market returns in the Damascus securities exchange. Therefore, there is a possibility of making abnormal profits by the investors. However, it is essential that the investors consider that there is a probability of major losses due to the illiquid and inefficient market (Abbas, 2014). Since the DSE is both nascent and young market, the Securities and Exchange Commission is required to apply certain measured for the information efficiency improvement and for instilling the confidence among the investors.

Another article that the contribution made by Fama and developed the study on the basis of the efficient market hypothesis is developed by John Armour and Brian Cheffins with the topic of the stock market prices and the market for corporate control (Armour and Cheffins, 2016). The contributions of Fama are extended in this study for evaluating the corporate takeover with understanding of the stock market and stock prices of the organization.

英国论文代写-预期收益

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预期收益可以以这种方式增加。另一方面，根据文章，随机行走理论描述了与安全相关的价格水平未来路径在本质上是没有什么可预测性的。这是与累积随机数系列路径相比较。在统计方面，理论认为价格的连续变化具有独立性。这种独立性在具有随机相同分布的变量中出现。这意味着最简单的就是价格序列和变化没有任何内存。这进一步意味着，过去发生的事不能以任何有意义的方式来预测未来。

这就是为什么在文章中对股票价格的随机漫步理论给予支持的原因。股票价格中的随机游走理论包含两个不同的假设。首先是价格的连续变化具有独立性，其次，价格的变化与一定的概率分布一致。这个假设已经在本文中独立地讨论过了。在阅读这篇论文的时候，有一种清晰的事实，即论文为随机漫步假说提供了巨大而有力的支持。然而，在经济学家的商业和研究中，人们不可能声称毫无疑问地建立了一个假设。总是有更多的测试，可以倾向于假设有效性确认或之前得到的结果反对。在最后的论文段落中，文章对未来的研究提出了一些建议。

Expected gains can be increased in this manner. On the other hand, as per the article, the random-walks theory depicts that the price level future pathway related to security is nothing much predictable in nature. This has been compared to the cumulated random numbers series path. In terms of statistics, the theory states that successive changes in price have independence (Fama, 1965). This independence comes forward in the variables with random identical distribution. This implies most simply that the price series and the changes do not have any memory.

This further means that what has occurred in the past cannot be utilized for prediction of the future in any meaningful manner. This is the reason why favour in the article is given to the random walks theory of stock prices. The random walks theory within the prices of stock involves 2 distinct hypotheses. First is successive changes in prices has independence and secondly, the changes in price have conformance to certain distribution of probability. The hypothesis has been discussed in this article independently. When reading the paper, there is clarity on the fact that the paper has offered enormous and strong support for random walk hypothesis. However, within business and research by economists, it is not possible for one to claim that a hypothesis has been established without any doubt (Fama, 1965). Always there are more tests that can be done either tending towards hypothesis validity confirmation or previously obtained results opposition. Within the final paper paragraphs, the paper indulged in suggesting certain directions for future research.

英国论文代写哪家好-论文简介

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所选的文章是关于股票市场价格在《商业杂志》上发表的. 本节描述了这篇祖父文章的概要，并提供了对知识主体如何在该领域做出贡献的评估。本文在本质上具有高度的描述性，其目的在于探讨理论的随机游走模型。关键是测试模型的实证效度。本文的基本结论解释了信息的一致性以及对使用该模型的更强烈支持(Fama, 1965)。本文认为，作为经验自然的证据，有利于随机漫步模型，但现在模型仍然是巨大的。文章的知识体系通过对这一领域的贡献大大增加了。

多年来，这篇文章提出了一种解决办法，一直存在争议。这一争议是在以往的股票一般价格的历史范围内，可以用来预测未来股票价格的有意义的性质。这个问题的答案要么是由图表分析师提供的理论，要么是通过随机漫步理论。这篇文章指出，尽管有各种不同的宪章理论，但仍然有更相似和普遍的假设(Fama, 1965)。所有这些都假设，以前的安全成本行为在预测未来行为方面具有丰富的数据。在以往的成本行为中，一些模式和历史会导致重复本身，历史成本也会在未来出现。因此，通过价格图表的仔细分析，可以开发出这种模式的理解。这可以用来预测未来的价格行为。

The article selected is Fama, E.F., (1965) on the behaviour of stock-market prices published in the journal of Business, 38(1), pp.34-105. This section describes a synopsis of this grandfather article along with providing assessment of how the body of knowledge has contributed in the field.
The paper is highly descriptive in nature and its purpose lies in discussing the random walk model underlying theory. The key was also testing the empirical validity of the model. The essential conclusion of this paper explains that information has shown consistency as well as stronger support for using this model (Fama, 1965). The paper suggests that as evidence of empirical nature is produced in favour of the random-walk model, but still the model now is hefty.