Which of the following is least likely a difference between technical analysis and fundamental analysis of securities?

a) Technical analysis does not make use of the macroeconomic data, whereas fundamental analysis makes use of the macroeconomic data.

b) Technical analysis assumes that investors behave in an irrational manner, whereas fundamental analysis assumes that investors behave in a rational manner.

c) The data used for technical analysis is more prone to manipulation as compared to the data used for fundamental analysis.