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If a stock's rates of return for the past 3 years were 5%,8%, and 9%, respecitvely, and you forecast its return to be 10.5% next

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If a stock's rates of return for the past 3 years were 5%,8%, and 9%, respecitvely, and you forecast its return to be 10.5% next year based on these data, then your forecast is formed using efficient expectation rational expectation moving average expectation adaptive expectation

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