Question: what does the the random walk model ( AKA efficient approach ) for exchange rate forecasting imply?: Group of answer choices The random walk model

what does the the random walk model (AKA efficient approach) for exchange rate forecasting imply?:
Group of answer choices
The random walk model predicts that the current exchange rate will be the best predictor of the future exchange
That we can go from one currency to another randomly and always lose
All of the above are correct.
That we need to spend a lot of money to forecast exchange rates.

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