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标题: who can tell me what's meaning of forward market efficiency and its calculat [打印本页]

作者: ZEROKIKI 时间: 2005-5-30 16:19 标题: who can tell me what's meaning of forward market efficiency and its calculat

Who can explain this calculation to me (it relat to general efficiency of forward mkt):

E_tS_t+n =a+bF_t^t+n+E_t

I know the last E means the random of spot rate change, but dont know what the other Alphabet means, I have check lot of international finance book, but no explanation.

作者: yanlixia20 时间: 2005-11-2 01:22

So do I

作者: exspringer 时间: 2005-11-12 13:01

it looks like a OLS model that dipict the correlation between parameters E_tS_t+n and F_t^t+n, E_t

stands for error.

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