Problems with an Econometric Test of Forecast Accuracy

I'1any economists have used econometric forecast accuracy tests to evaluate the pricing perfonnance of futures markets. Several studies appear to reject the null hypothesis of unbiased forecasts. We shCM that forecast bias can be a result of misspecification of the model. Alternative tests of market efficiency are discussed.


Issue Date:
Aug 01 1988
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/270294
Language:
English
Total Pages:
16




 Record created 2018-03-30, last modified 2020-10-28

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