You have observed that the forecasts of an investment advisor consistently outperform the other reported forecasts. The efficient markets hypothesis says that future forecasts by this advisor
A) may or may not be better than the other forecasts. Past performance is no guarantee of the future.
B) will always be the best of the group.
C) will definitely be worse in the future. What goes up must come down.
D) will be worse in the near future, but improve over time.
A
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A $100 annuity is
a. $100 received in a single year b. $100 received each year forever c. more or less than $100, dependent on the interest rate, received for a certain number of years d. $100 received each year for a certain number of years e. more or less than $100, dependent on the interest rate, received until an upper limit is reached
Suppose that in 2020 the average citizen's federal tax bill is $11,987, and total federal spending is $12,294 per person. In 2020, the federal government will have
a. a budget surplus. b. a budget deficit. c. horizontal equity. d. vertical equity.