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Basic Question 2 of 14
The weak form of the efficient market hypothesis implies that ______
II. past price changes cannot be used to predict future price changes.
III. technical analysis is useless.
I. only major market events can be predicted.
II. past price changes cannot be used to predict future price changes.
III. technical analysis is useless.
User Contributed Comments 7
| User | Comment |
|---|---|
| ljamieson | technical analysis is useless |
| saltnvinegar | What about the other two forms??? |
| kutta2102 | Results are mixed, I think. But semi-strong form market efficiency implies that Fundamental analysis is useless. |
| janglejuic | technical analysis is not useless because this hypothesis is usually not true |
| khalifa92 | technical analysis is based on historical data thus its useless in all forms efficient markets. |
| ibrahim18 | Very funny. Technical analysis is useless. That is quite harsh. |
| MathLoser | Fooled by randomness |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
contrast weak-form, semi-strong-form, and strong-form market efficiency
explain the implications of each form of market efficiency for fundamental analysis, technical analysis, and the choice between active and passive portfolio management
CFA® 2024 Level I Curriculum, Volume 3, Module 3.