13. Efficient Market a. If the market is efficient, which strategy is better: active or passive? Explain b. For an active strategy, investors could use the selection strategy and timing strategy. Explain what these terms mean. c. For a passive strategy, investors should choose to buy and hold and indexing strategies. Explain what do these terms mean? 14. Explain a. Indexing strategy b. Technical analysis c. Sector rotation d. If the market is efficient, which strategy we choose, explain