As a consultant to an investment company trading in various currencies, you have been assigned the task

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As a consultant to an investment company trading in various currencies, you have been assigned the task of studying long-term trends in the exchange rates of the Canadian dollar, the Japanese yen, and the English pound. Data from 1980 to 2009 are stored in , where the Canadian dollar, the Japanese yen, and the English pound are expressed in units per U.S. dollar.
Develop a forecasting model for the exchange rate of each of these three currencies and provide forecasts for 2010 and 2011 for each currency. Write an executive summary for a presentation to be given to the investment company. Append to this executive summary a discussion regarding possible limitations that may exist in these models.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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