Evaluating Corporate Executives' Exchange Rate Forecasts Under a Flexible Loss Function

We examine asymmetry in the loss function of corporate executives in their exchange rate forecasts and test for rationality of the forecast under the assumption of a possibly asymmetric loss function. We find evidence that the loss function of the forecast with a 1-year horizon is symmetric and support for rationality. These findings hold for manufacturing as well as non-manufacturing sectors

MoreLess

Year of publication:	2013
Authors:	Tsuchiya, Yoichi
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Wechselkurs \| Exchange rate \| Prognoseverfahren \| Forecasting model \| Theorie \| Theory \| Bewertung \| Evaluation

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (12 p)
Series:	Applied Economics Letters, Forthcoming
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 15, 2013 erstellt
Other identifiers:	10.2139/ssrn.2254542 [DOI]
Classification:	F47 - Forecasting and Simulation ; C53 - Forecasting and Other Model Applications
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013083047