Researchers examined forecasters' interest rate predictions for 34 quarters to see whether the predictions corresponded to...
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Researchers examined forecasters' interest rate predictions for 34 quarters to see whether the predictions corresponded to what actually happened. The 2 x 2 contingency table below shows the frequencies of actual and predicted interest rate movements. Interest Rate Forecast Accuracy Actual Change Decline (A-) Rise Row Forecast Change Decline (F-) Rise (F+) (A+) Total 11 16 14 23 Column Total 14 25 39 Click here for the Excel Data File Calculate each probability (l-v): (Round your answers to 4 decimal places.) i.P(F-) ii.P(A+) iti. P(A- | F-) Calculate each probability (i-vi): (Round your answers to 4 decimal places.) i.P(F-) ii.P(A+) iii.P(A- | F-) iv. P(A+ | F+) P(A+ and F+) vi.P(A- and F-) Researchers examined forecasters' interest rate predictions for 34 quarters to see whether the predictions corresponded to what actually happened. The 2 x 2 contingency table below shows the frequencies of actual and predicted interest rate movements. Interest Rate Forecast Accuracy Actual Change Decline (A-) Rise Row Forecast Change Decline (F-) Rise (F+) (A+) Total 11 16 14 23 Column Total 14 25 39 Click here for the Excel Data File Calculate each probability (l-v): (Round your answers to 4 decimal places.) i.P(F-) ii.P(A+) iti. P(A- | F-) Calculate each probability (i-vi): (Round your answers to 4 decimal places.) i.P(F-) ii.P(A+) iii.P(A- | F-) iv. P(A+ | F+) P(A+ and F+) vi.P(A- and F-)
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i PF nFGrand total 1639 04102564102 04103 ii PA nAGrand tota... View the full answer
Related Book For
Applied Statistics in Business and Economics
ISBN: 978-0073521480
4th edition
Authors: David Doane, Lori Seward
Posted Date:
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