Regression tests of the unbiasedness hypothesis indicate that it is ________ with real life events.

Name: Regression tests of the unbiasedness hypothesis indicate that it is ________ with real life events.
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Regression tests have shown that the unbiasedness hypothesis is not consistent with real life events, meaning that it cannot be relied upon as a reliable indicator of expected future exchange rates. The fact that it is not consistent rules out choices A, B, and D.

Regression Tests of the Unbiasedness Hypothesis Indicate That It Is