3. a forecaster spends hours every day studying data LO (Orecast interest rates hut his expectations are

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3. a forecaster spends hours every day studying data LO (Orecast interest rates hut his expectations are not as accurate as predicting that tomorrow's interest rates will be identical to today's interest rate, are his expectations optimal?

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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