Synopses & Reviews
This book deals with the models and applications of exchange rate forecasting. It is written primarily for professionals with the objective of providing a concise survey of the techniques of forecasting. The book considers the business decisions requiring exchange rate forecasting and some related issues such as market efficiency and trading rules.
Synopsis
Forecasting exchange rates is a variable that preoccupies economists, businesses and governments, being more critical to more people than any other variable. In Exchange Rate Forecasting the author sets out to provide a concise survey of the techniques of forecasting - bringing together the various forecasting methods and applying them to the exchange rate in a highly accessible and readable manner. Highly practical in approach, the book provides an understanding of the techniques of forecasting with an emphasis on its applications and use in business decision-making, such as hedging, speculation, investment, financing and capital budgeting. In addition, the author also considers recent developments in the field, notably neural networks and chaos, again, with easy-to-understand explanations of these "rocket science" areas. The practical approach to forecasting is also reflected in the number of examples that pepper the text, whilst descriptions of some of the software packages that are used in practice to generate forecasts are also provided.
Synopsis
In this book, the author sets out to provide a concise survey of the techniques of forecasting--bringing together the various forecasting methods and applying them to the exchange rate in a highly accessible and readable manner.
Description
Includes bibliographical references (p. 409-418) and index.
About the Author
Imad A. Moosa is Senior Lecturer in Economics at La Trobe University, Australia.
Table of Contents
Forecasting and Expectations * Why Do We Need Exchange Rate Forecasting? * Univariate Time Series Forecasting Models * Multivariate Time Series Forecasting Models * Market-Based Forecasting * Composite and Judgmental Forecasting * Technical Analysis * Trading Rules * Recent Developments * Evaluating Forecasting Performance * Some Applications * How to Pick an Exchange Rate Forecasting Service * Summing Up