Canda, Ontario You recently graduated from College, School of Business, and you for your upcoming interview for a junior analyst job at an investment firm. The manager who will be interviewing you has sent to you the interview questions in advance. The following is the first interview question:

$$For the past $15$ years our firm has followed the investment management strategy of using technical analysis for stock selection. However, recently, our Board of Directors has been seriously considering a change in research strategy to fundamental analysis. The Board now believes that fundamental analysis has numerous advantages over technical analysis. Your interview question is to prepare a presentation to the Board of Directors on this topic.$$

REQUIRED:

a$.$ Prepare your presentation notes, in your own words, that addresses the Board of Director$$s intention to change the firm$$s investment strategy from technical analysis to fundamental analysis. Specifically, you are to either agree with the Board$$s belief or to disagree with their belief about fundamental analysis. Provide three reasons for your decision. $(8$ Marks$)$

b$.$ The theory behind technical analysis is that a detailed review of all relevant financial information about the company and economic data is NOT necessary in order to select the best investments for your client.

REQUIRED: Do you agree with the above statement. In your own words, provide two $(2)$ reasons for your answer.