Question: Future prices have often been used as a proxy for expected prices in the cases of estimation of supply functions for agricultural commodities. How do
Future prices have often been used as a proxy for expected prices in the cases of estimation of supply functions for agricultural commodities. How do you test whether the expectations implied in the future prices are rational?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
