If a forecaster spends hours every day studying data to forecast interest rates, but his expectations are

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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 rate will be identical to today's interest rate, are his expectations rational?

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The Economics of Money Banking and Financial Markets

ISBN: 978-0133836790

11th edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 03, 2017 03:58 AM

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If a forecaster spends hours every day studying data to forecast interest rates, but his expectations are

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No because he could improve the accuracy o...View the full answer

The Economics of Money Banking and Financial Markets

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