Why is the actual value of a financial variable different from the optimal forecast of that variable?
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Why is the actual value of a financial variable different from the optimal forecast of that variable? Assuming that expectations are rational, what, on average, will be the difference between the actual value and the optimal forecast?
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The actual value of a financial variable is different from the optimal forecast of that variable due to several factorsincluding Uncertainty Financial ...View the full answer
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Related Book For
Financial System Of The Economy Principles Of Money And Banking
ISBN: 9780765622464
5th Edition
Authors: Maureen Burton,Bruce Brown
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