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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Related Book For
The Economics Of Money Banking And Financial Markets
ISBN: 978-0134376936
6th Canadian Edition
Authors: Frederic S Mishkin ,Apostolos Serletis
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