The file P03_30.xlsx gives monthly exchange rates (units of local currency per U.S. dollar) for nine currencies.

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The file P03_30.xlsx gives monthly exchange rates (units of local currency per U.S. dollar) for nine currencies. Technical analysts believe that by charting past changes in exchange rates, it is possible to predict future changes of exchange rates. After analyzing the autocorrelations for these data, do you believe that technical analysis has potential?

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Data Analysis and Decision Making

ISBN: 978-0538476126

4th edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

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