Research has increasingly pointed towards time patterns in market rates that come close to a(n):
A) Efficient market
B) Random walk
C) Strong form of efficient market
D) All of the above
E) None of the above

Question

Quizplus · Accepted Answer

Research has shown that market rates often follow patterns that are best described by the random walk theory, which suggests that asset prices move in a random manner and are not predictable.

Research Has Increasingly Pointed Towards Time Patterns in Market Rates