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ERREUR PREVISION EX ANTE [1 record]

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Record 1 1986-10-27

English

Subject field(s)
  • Currency and Foreign Exchange
  • Econometrics
CONT

However, it is not possible to determine a priori whether these systematic divergences are an expected compensation for risk or the result of ex ante forecasting errors. Thus, failure to pass our statistical tests could indicate either a lack of market efficiency or the existence of time-varying risk premiums or both.

French

Domaine(s)
  • Politique monétaire et marché des changes
  • Économétrie
CONT

Cependant, il n'est pas possible de déterminer a priori si ces divergences systématiques constituent une rémunération prévue du risque ou le résultat d'erreurs de prévision ex ante. Donc si ces hypothèses ne résistent pas à nos tests statistiques, nous pourrons conclure soit que le marché n'est pas efficient, soit qu'il existe des primes de risque variables, soit les deux.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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