Forward Rate as an Unbiased Predictor. Some forecasters believe that foreign exchange markets for the major floating
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Forward Rate as an Unbiased Predictor. Some forecasters believe that foreign exchange markets for the major floating currencies are “efficient,” and forward exchange rates are unbiased predictors of future spot exchange rates. What is meant by “unbiased predictor”
in terms of the reliability of the forward rate in estimating future spot exchange rates?
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Related Book For 
Multinational Business Finance
ISBN: 9781292270081
15th Global Edition
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
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