Новата парадигма на международните финансови пазари за емпиричен анализ и предсказуемост на цените на търгуваните активи

Abstract

In the research study a comparison is made between the used traditional wave principle of Ralph Elliott and the new Nobel paradigm for “empirical analysis of the asset prices”. It is initiated by three American scientists - Lars P. Hansen, Eugene F. Fama and Robert J. Shiller as “unity of opposites” and reflects their long-standing research views. The arguments, facts and application of the two concepts are pointed, as well as the new reformative idea for forecasting of the stock-exchange quotations in a long-term perspective and the contemporary concept for predictability of the asset prices.