According to the research in the accuracy of paid exchange rate forecasters,
A)you can make more money selling forecasts than you can following forecasts.
B)the average forecaster is better than average at forecasting.
C)the forecasters do a better job of predicting the future exchange rates than the market does.
D)none of the above.

Question

Quizplus · Accepted Answer

Research has shown that paid exchange rate forecasters often do not outperform the market consistently enough to justify the costs of their forecasts. This suggests that selling forecasts can be more profitable than using them for trading, as the market efficiency makes it difficult to consistently predict exchange rates better than the market consensus.

According to the Research in the Accuracy of Paid Exchange