Critically evaluate whether return predictability is a good test of market efficiency.
You must demonstrate reading and research far beyond the material delivered in lectures. Your answers should draw on theoretical insights and empirical observations from relevant academic research (a few papers to start you off are listed on the next page). You MUST include references to the papers that you have drawn from in your answers, and include a list of references at the end of the assignment. All references made to academic papers must adhere to the following guidelines:
http://www.bangor.ac.uk/library/help/documents/harvardreferencingguide.pdf
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