The study analyses the characteristics of professional exchange rate forecasts for the € /US-$ rate. The results … indicate that the quality of forecasts produced by professional economists is rather poor and incompatible with the rational … expectations hypothesis. This dismal result is according to our analysis attributed to the fact that professional forecasts are to …

The study analyses the characteristics of professional exchange rate forecasts for the /US-$ rate. The results indicate … that the quality of forecasts produced by profes-sional economists is rather poor and incompatible with the rational … expectations hy-pothesis. This dismal result is according to our analysis attributed to the fact that professional forecasts are to …

random walk forecasts. The root for this deficient outcome stems from the fact that professional forecasts are to a large …. Additionally, we apply a simple model to explain professional and students forecasts. …

random walk forecasts. The root for this deficient outcome stems from the fact that professional forecasts are to a large …. Additionally, we apply a simple model to explain professional and students forecasts. …

einer naiven Random Walk Prognose. Auch die Verwendung des Terminkurses als Prognose für die zukünftige … dar, von der sie sich bei der Erstellung der Prognose nicht lösen können. Zum anderen erfolgt die Anpassung der Prognose …

between professional forecasts and judgmental forecasts of novices. In search of reasonable explanations for the astonishing … exchange rate forecasts seem to be biased predictors for the future exchange rates, judgmental forecasts appear to be unbiased …

The study analyses the characteristics of professional exchange rate forecasts for the E/US-$ rate. The results … indicate that the quality of forecasts produced by professional economists is rather poor and incompatible with the rational … expectations hypothesis. This dismal result is according to our analysis attributed to the fact that professional forecasts are to …

The study analyses the characteristics of professional exchange rate forecasts for the €/US$ rate. The results indicate … that the quality of forecasts produced by professional economists is rather poor and incompatible with the rational … expectations hypothesis. This dismal result is according to our analysis attributed to the fact that professional forecasts are to …