Using one day's stock price to predict the price for the next day is a good investment strategy, given that stock prices have been shown not to follow a "random walk."

Question

Quizplus · Accepted Answer

Using only one day's stock price to predict the price for the next day is not a reliable investment strategy, as stock prices have been shown to follow a random walk behavior. This means that future stock prices cannot be predicted based solely on past prices, as they are highly unpredictable and subject to various external factors and events.

Using One Day's Stock Price to Predict the Price for the Next