代写论文：远期汇率
远期利率无偏假说描述了在合理化的期望条件和风险中性下，远期汇率是未来即期汇率的无偏性质的预测指标。有经验证据的主要文献已经通过使用远期汇率检验了外汇市场无偏假设（Domowitz＆Hakkio，1985）。该假设与通过UIP条件给出的市场概念的外汇效率（未覆盖的利率平价率）有关。这个UIP表明预期的汇率变化需要等同于目前的利率差或者在套利缺位的情况下，它需要等同于远期保费（Chiang，1988）。在套利缺位和UIP下，远期汇率提供了一个基于未来变化的现货交换率无偏预测。
代写论文：远期汇率
这是重要的无偏置假设断言。然而，根据Mariana等人，1993），JLR测试已被用于测试这个假设。利用单元根的镶板测试来提高测试能力，因为它有助于利用在该系列面板之间发现的横截面的基本相关性。与面板单位根相比，这样的测试提供了方法学相对于替代标准化测试的重要益处。当应用于布雷顿森林体系后时期8种主要货币的预测误差面板系列时，绝大多数证据支持单位系数值的斜率（Bakshi等，1997）。这发生在未来即期即期利率与相应性质之间的回归协整中。然而，这样一个强大而强大的自然发现与目前文献中的混合证据形成鲜明对比。无论如何，由于正交条件的失败，FRUH已被除瑞士法郎，里拉和德意志商标之外的所有货币所拒绝。
代写论文：远期汇率
Forward Rate Unbiased Hypothesis depicts that under rationalized expectation conditions and the neutrality of risk, the forward rate of exchange is a predictor of unbiased nature towards future spot rate of exchange. A major literature with empirical evidence has indulged in testing the foreign exchange market unbiasedness hypothesis through use of forward rates of exchange (Domowitz & Hakkio, 1985). The hypothesis has a relationship to the FX efficiency of market notion as given through the condition of UIP (uncovered interest parity rate). This UIP illustrates that the expected change in rates of exchange needs to be equivalent to the present differential of rate of interest or within the arbitrage absence, it needs to be equivalent to forward premium (Chiang, 1988). Within the arbitrage absence and under the UIP, the rate of forward exchange provides a future change based unbiased forecast in the rate of spot exchange.
代写论文：远期汇率
This is the essential unbiased hypothesis assertion. However, according to Mariana et al., 1993), the JLR test has been used for testing this hypothesis. A panelled test for unit root was utilized for enhancing the testing power as it helps in exploiting the essential dependencies of cross section found between the series of panel. Such a test offered essential benefits of methodologies over substitute standardized test with panel unit-roots. When applying to a forecast error panel series for 8 main currencies on the era of post-Bretton Woods, overwhelmingly the evidence supported a slope of unit coefficient value (Bakshi et al., 1997). This occurs within the regression co-integration between future spot rates of forward and corresponding nature. Such a finding of strong and robust nature however is in contrast with the current literature mixed evidence. In any case, the FRUH has been rejected for every currency except the mark of Swiss Franc, Lira and Deutsche because of the failure of condition of orthogonality.
