A Note on Forecasting the Rate of Change of the Price of Oil: Asymmetric Loss and Forecast Rationality
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 find th...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2013-03-01
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| Series: | Economies |
| Subjects: | |
| Online Access: | http://www.mdpi.com/2227-7099/1/1/6 |