Discuss the implication to financial statement analysis

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Question - Three economists won the 2013 Nobel Prize in Economics for showing that shortterm share prices cannot be predicted: "There is no way to predict whether the price of stocks and bonds will go up or down over the next few days or weeks," the Royal Swedish Academy of Sciences said in awarding the 2013 Nobel Prize in Economic Science. It continued: "But it is quite possible to foresee the broad course of the prices of these assets over longer time periods, such as, the next three to five years." Discuss the implication to financial statement analysis.

Reference no: EM133060196

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