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Basic Question 7 of 8
In a random walk, any observed trends are likely to be:
A. Temporary and due to randomness.
B. Indicative of a non-random process.
C. Predictable over the long term.
D. A result of seasonality.
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Learning Outcome Statements
explain the instability of coefficients of time-series models;
describe characteristics of random walk processes and contrast them to covariance stationary processes;
CFA® 2025 Level II Curriculum, Volume 1, Module 5.