Do market participants’ forecasts of financial variables outperform the random-walk benchmark?
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DOI: 10.1016/j.frl.2020.101712
Abstract: Abstract In this paper, we evaluate the forecasting precision of survey expectations of the four financial variables in the Prospera survey commissioned by Sveriges Riksbank – one of Sweden's most important economic surveys. Our analysis… read more here.
Keywords: market participants; outperform random; survey; random walk ... See more keywords