Security markets have been described as random walks and efficient markets. What does each of these terms mean and how do they relate to the share market? What makes a market efficient and what are the consequences of efficiency for fundamental and technical analysis?

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The Answer of Security markets have been described as random walks and efficient markets. What does each of these terms mean and how do they relate to the share market? What makes a market efficient and what are the consequences of efficiency for fundamental and technical analysis?

Security Markets Have Been Described as Random Walks and Efficient