Boyd, Roy; Doroodian, Khosrow - In: The Review of Economics and Statistics 76 (1994) 2, pp. 393-98
The authors employ the Cooley-Prescott adaptive model to examine for functional misspecification in three commonly used exchange rate expectation models. They also test for heterogeneity among forecasts. The authors find no serious misspecification problem but some heterogeneity in expectations....
