Problems with an Econometric Test of Forecast Accuracy

J. Douglas Gordon and George H. K. Wang

No 270294, 1988 Annual Meeting, August 1-3, Knoxville, Tennessee from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: I'1any economists have used econometric forecast accuracy tests to evaluate the pricing perfonnance of futures markets. Several studies appear to reject the null hypothesis of unbiased forecasts. We shCM that forecast bias can be a result of misspecification of the model. Alternative tests of market efficiency are discussed.

Keywords: Agricultural and Food Policy; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 16
Date: 1988-08-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/270294/files/aaea-1988-051.pdf (application/pdf)
https://ageconsearch.umn.edu/record/270294/files/a ... 1.pdf?subformat=pdfa (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea88:270294

DOI: 10.22004/ag.econ.270294

Access Statistics for this paper

More papers in 1988 Annual Meeting, August 1-3, Knoxville, Tennessee from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Bibliographic data for series maintained by AgEcon Search ().