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adaptive expectationsExpectations about inflation or other economic events.
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adaptive expectationsA model of price behavior in which expectations of the future spot price are formed from a weighted average of the current spot price and lagged expected prices.
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adaptive expectationsexpectations based on the extrapolation of events in the recent past into the future
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adaptive expectationsThe adaptive expectations hypothesis may be stated most succinctly in the form of the equation: Etxt+1=∑i=0∞λ(1−λ)ixt−i;0<λ<1 where E denotes ...
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adaptive expectationsThe adaptive expectations hypothesis may be stated most succinctly in the form of the equation:Etxt+1=∑i=0∞λ(1-λ)ixt-i;0<λ<1 where E denotes an ...
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adaptive expectationsexpectations based on the extrapolation of events in the recent past into the future
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