According to the research in the accuracy of paid exchange rate forecasters,
A)as a group,they do not do a better job of forecasting the exchange rate than the forward rate does.
B)the average forecaster is better than average at forecasting.
C)the forecasters do a better job of predicting the future exchange rate than the market does.
D)none of the options

Question

Quizplus · Accepted Answer

The research shows that paid exchange rate forecasters, as a group, do not do a better job of forecasting the exchange rate than the forward rate. Therefore, option A is correct. Option B is incorrect because the research does not indicate that the average forecaster is better than average at forecasting. Option C is also incorrect because the research does not suggest that forecasters do a better job of predicting the future exchange rate than the market does.

According to the Research in the Accuracy of Paid Exchange