Fritsche, Ulrich; Pierdzioch, Christian; Rülke, … - In: International Journal of Forecasting 31 (2015) 1, pp. 130-139
Using forecasts of exchange rates of the Brazilian real and the Mexican peso against the US dollar, we analyze the symmetry of the loss function of exchange-rate forecasters and the rationality of their forecasts. Symmetry of the loss function can be rejected for some forecasters but not all....