Hassani, Hossein; Silva, Emmanuel Sirimal; Gupta, Rangan; … - Department of Economics, Faculty of Economic and … - 2014
, besides gold) were also unable to outperform the random walk in this case. Interestingly, the results show that none of the … forecasting techniques are able to outperform the random walk at horizons of 1 and 9 steps ahead, and on average the Exponential … techniques. Special consideration is given to the ability of these techniques at providing forecasts which outperforms the random …