Pierdzioch, Christian; Ruelke, Jan-Christoph - In: Economies : open access journal 1 (2013) 1, pp. 6-13
We study whether forecasts of the rate of change of the price of oil are rational. To this end, we consider a model that allows the shape of forecasters’ loss function to be studied. The shape of forecasters’ loss function may be consistent with a symmetric or an asymmetric loss function. We...
