Question 1. (10 Marks) a. Technical analysts typically look for signals to buy or sell. Describe 2 techniques employed by Technical analysts to identify trends and cycles in prices and trading volume. b. Comment on the following statement: Expert forecasts are based on the subjective assessments of individuals who are expert in particular fields. We know that no one analyst is likely to continually produce accurate forecasts. c. The distinction between growth and value shares involves a distinction based on book-to-market value. Explain why growth shares have low book-to-market ratios while value shares have high book-to-market ratios.