## Abstract Despite their widespread use as predictors of the spot price of oil, oil futures prices tend to be less accurate in the meanโsquared prediction error sense than noโchange forecasts. This result is driven by the variability of the futures price about the spot price, as captured by the oi
โฆ LIBER โฆ
What do we learn from the EMC effect?
โ Scribed by F.E. Close
- Publisher
- Elsevier Science
- Year
- 1988
- Tongue
- English
- Weight
- 398 KB
- Volume
- 478
- Category
- Article
- ISSN
- 0375-9474
No coin nor oath required. For personal study only.
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The use of a new bootstrap method for small-sample inference in long-horizon regressions is illustrated by analysing the long-horizon predictability of four major exchange rates, and the ยฎndings are reconciled with those of an earlier study by . While there is some evidence of exchange rate predicta