Which of the following best explains why public interest rate forecasts have a low rate of accuracy?
A) Accurate forecasters do not make their forecasts public.
B) Reasonably efficient financial markets preclude a forecaster from consistently outguessing the direction of interest rates.
C) The level of training of forecasters is lagging an evermore sophisticated economy.
D) (a) and (b) above

Question

Quizplus · Accepted Answer

Reasonably efficient financial markets preclude a forecaster from consistently outguessing the direction of interest rates.

Which of the Following Best Explains Why Public Interest Rate