Which form of the eﬃcient market hypothesis implies that security prices reﬂect only information contained in past prices?
A)Weak form
B)Semistrong form
C)Strong form
D)Hard form
E)Past form

Question

Quizplus · Accepted Answer

The weak form of the efficient market hypothesis implies that security prices reflect only information contained in past prices. This means that technical analysis, or the analysis of past price movements, cannot be used to predict future price movements.

Which Form of the Eﬃcient Market Hypothesis Implies That Security