Rational expectations and market efficie
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Matthew P. Schaefer; Robert J. Myers; Stephen R. Koontz
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Article
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2004
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John Wiley and Sons
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English
โ 135 KB
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## Abstract The role of proprietary information in forecasting and market efficiency in the U.S. live cattle futures market is investigated. Using a unique proprietary data source collected by a private firm, we test whether the initial estimates in the USDA __Cattle on Feed Report__ and the Knight