Baghestani, Hamid - In: Cogent economics & finance 5 (2017) 1, pp. 1-11
In line with term structure theory, empirical studies suggest that it is difficult to beat the random walk in … help beat the random walk in forecasting the 30-year fixed rate mortgage. Using the vector autoregressive (VAR) modeling … and beyond that contained in the random walk forecasts for 2008–2016. The evidence is weaker for 1988–2007 in the sense …