Asked by Sydnee Wilcher on Jul 07, 2024
Verified
Scholars almost universally support technical analysis because it uses detailed statistical analysis to make predictions.
Technical Analysis
A method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume.
Statistical Analysis
A method of collecting, reviewing, and interpreting data to discover patterns, correlations, or trends.
- Distinguish between technical analysis and fundamental analysis in stock valuation.
Verified Answer
JD
Jeannelle DelgadoJul 08, 2024
Final Answer :
False
Explanation :
Scholars hold different opinions about technical analysis. While some support it, others criticize it for being subjective and unreliable. The use of detailed statistical analysis alone does not necessarily justify the validity of the approach.
Learning Objectives
- Distinguish between technical analysis and fundamental analysis in stock valuation.
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