Evaluating corporate executives' exchange rate forecasts under a flexible loss function

Y. Tsuchiya

doi:10.1080/13504851.2013.792989

Evaluating corporate executives' exchange rate forecasts under a flexible loss function

Y. Tsuchiya

Research output: Contribution to journal › Article › peer-review

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Abstract

We examine asymmetry in the loss function of corporate executives in their exchange rate forecasts and test for rationality of the forecast under the assumption of a possibly asymmetric loss function. We find evidence that the loss function of the forecast with a 1-year horizon is symmetric and support for rationality. These findings hold for manufacturing and nonmanufacturing sectors.

Original language	English
Pages (from-to)	1135-1138
Number of pages	4
Journal	Applied Economics Letters
Volume	20
Issue number	12
DOIs	https://doi.org/10.1080/13504851.2013.792989
Publication status	Published - 2013 Aug
Externally published	Yes

Keywords

asymmetric loss
exchange rate
forecast evaluation
survey data

ASJC Scopus subject areas

Economics and Econometrics

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10.1080/13504851.2013.792989

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Evaluating corporate executives' exchange rate forecasts under a flexible loss function

Abstract

Keywords

ASJC Scopus subject areas

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