Lima, Elcyon Caiado Rocha; Alves, Paloma Palmieri - 2011
The evaluation of forecasts performance of market expectations about the Brazilian inflation rate (Focus survey) is … (measured by IPCA) forecasts for horizons superior to three months. In this article, using more recent information, we found no … significant evidence that the mean of market forecasts had superior forecast ability than some univariate autoregressive models. …