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Business, 19.03.2021 18:30 amclinger4734
Many commodities have futures markets associated with them. A futures market is a prediction market that aggregates information based on uncertain events that may impact the market, and buyers commit to a financial contract in which they obligate themselves to purchasing a fixed quantity of the asset at a specified price on a certain date. In April, 2019, the national average price of unleaded gasoline was $2.87 per gallon. At the same time, the futures price for a June contract on unleaded gasoline was $2.07 per gallon.
A. The forecasted price in the futures market suggests that unleaded gasoline prices willby June of 2019.
B. If the information transmitted in this market is accurate and unbiased, then the predictthe actual price we will see in June.
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Many commodities have futures markets associated with them. A futures market is a prediction market...
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