The effects of the fundamentalists' and chartists' expectations on market survey
- 1 August 1996
- journal article
- research article
- Published by Taylor & Francis in Applied Financial Economics
- Vol. 6 (4) , 363-366
- https://doi.org/10.1080/096031096334178
Abstract
Two main groups of participants are identified in the exchange rate market, namely, the fundamentalists and the chartists. Each of these groups forecasts exchange rate based on all information available to them. The reported market survey is a combined forecast from these two groups. Results show that the forecasts from both groups have significant impact on the survery. Together, their forecasts account for 99% of the variation of the survey, showing the survey has fully utilized the forecasts from both groups.Keywords
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