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: 978-0134376936

6th Canadian Edition

Authors: Frederic S Mishkin ,Apostolos Serletis

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