| Article ID: | iaor198948 |
| Country: | Netherlands |
| Volume: | 4 |
| Start Page Number: | 605 |
| End Page Number: | 607 |
| Publication Date: | Jul 1988 |
| Journal: | International Journal of Forecasting |
| Authors: | Wolff Christian C.P. |
| Keywords: | financial |
This note compares the results of several published papers on exchange rate forecasting. With regard to univariate time series models, it confirms the result that such models, on average, do not outperform the simple random walk forecasting rule. This conclusion corrects results reported in this