Question: Need answer very fast without wasting time Question You were recently hired by ZYD Corporation to help overuse its expansion into the US. market Mo

Need answer very fast without wasting time

Need answer very fast without wasting time
Question You were recently hired by ZYD Corporation to help overuse its expansion into the US. market Mo Jason Enomoto, the CEO, wants to hire a foreign exchange forecasting company Jason has asked you to evaluate three different companies, and he has obtained the following information on theit past performance for you Out of a total of 700 forecasts for the JPY/USD exchange rate, the companies reported the number of times they correctly forecast appreciations and depreciations. Correct Down Forecasts Correct Up Forecasts BHC Exchange Advisors 150 Superpower Forex -300 SGGE Forex Trading 225 170 There Is a total of 450 times Japanese Yen appreciations (down periods) and 250 times Japanese Yen depreciations (up periods) In the sample. Which of the following statements isare correct? I. Based on the total number of correct directional forecasts. BHC Exchange Advisors has the strongest forecasting ability. Il Japanese Yen over this period was relatively strong and appreciations (down forecasts for the JPY/USD exchange rate) dominate. Hence, forecasts in the dominating "down" periods may be more useful than forecasts in the "up" periods. ill. "Directional" forecasting ability in the foreign exchange market may not be very useful. it would be more useful to know whether the forecasting hmm we're on the correct side of the forward rate, Cl and I only hand in only C Hone of the given options is const O iand ionly

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