Behind the random walk model, the current price is the best prediction of future prices.

Name: Behind the random walk model, the current price is the best prediction of future prices.
Brand: Quizplus
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With the random walk model, current price is the best prediction of future prices. The random walk model states that asset prices are unpredictable and that the current price is the best prediction of future price.
For further reading, we recommend Burton Malkiel's 1973 book, A Random Walk Down Wall

Behind the Random Walk Model, the Current Price Is the Best