Describe the implications for asset market efficiency and investment return behavior associated with:
a) Zero autocorrelation in periodic returns series;
b) Positive autocorrelation in periodic returns series;
c) Negative autocorrelation in periodic returns series.

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The Answer of Describe the implications for asset market efficiency and investment return behavior associated with:
a) Zero autocorrelation in periodic returns series;
b) Positive autocorrelation in periodic returns series;
c) Negative autocorrelation in periodic returns series.

Describe the Implications for Asset Market Efficiency and Investment Return