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The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646 Exercise 24
If a forecaster spends hours every day studying data to forecast interest rates, but his expectations are not as accurate as predicting that tomorrow's interest rates will be identical to today's interest rates, are his expectations optimal?
Explanation
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Optimal forecast:
Optimal forecast is t...
The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
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