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Volume 1B. Part 2: Marketing, Distribution and Consumers. Agricultural commodity markets: spot, futures, options …: an industrial organization approach (R.J. Sexton, N. Lavoie). Marketing margins: empirical analysis (M.K. Wohlgenant …). Economic analysis of food safety (J.M. Antle). Marketing and distribution: theory and statistical measurement [synthesis of 1B …
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The simple market efficiency hypothesis implies that prediction errors, such as forward less spot exchange rates, will be orthogonal to elements of the information set. One can therefore test for market efficiency via ordinary least squares by regressing the prediction errors on pieces of...
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