Studies of the accuracy of paid exchange rate forecasters
A)tend to support the view that "you get what you pay for".
B)tend to support the view that forecasting is easy,at least with regard to major currencies like the euro and Japanese yen.
C)tend to support the view that banks do their best forecasting with the yen.
D)none of the options

Question

Quizplus · Accepted Answer

Studies of the accuracy of paid exchange rate forecasters generally find that their predictions are not significantly more accurate than those generated by simpler models or even random walk models, suggesting that paying for forecasts does not necessarily yield better results.

Studies of the Accuracy of Paid Exchange Rate Forecasters