Titlebook: Navigating Through the Crisis: Business, Technological and Ethical Considerations; The 2020 Annual Grif Silvia L. Fotea,Ioan ?. Fotea,Sebas

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e rational expectations are themselves time-invariant functions. The most remarkable phenomenon in stationary economic systems with expectational leads is the notion of an unbiased no-updating forecasting rule which yields the most precise forecasts in the sense that forecast errors vanish condition