Researchers have found that the fundamental approach

92. Researchers have found that the fundamental approach to exchange rate forecasting
A. Outperforms the efficient market approach
B. Fails to more accurately forecast exchange rates than either the random walk model or the
forward rate model
C. Fails to more accurately forecast exchange rates than the random walk model but is better
than the forward rate model
D. Outperforms the random walk model, but fails to more accurately forecast exchange rates
than the forward rate model,
93. Academic studies tend to discredit the validity of technical analysis 94. The moving average crossover rule
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Chapter 06 International Parity Relationships and Forecasting Foreign Exchange
95. According to the technical approach, what matters in exchange rate determination
96. Studies of the accuracy of paid exchange rate forecasters
A. Tend to support the view that "you get what you pay for"
B. Tend to support the view that forecasting is easy, at least with regard to major currencies like
the euro and Japanese yen
C. Tend to support the view that banks do their best forecasting with the yen
D. None of the above
97. According to the research in the accuracy of paid exchange rate forecasters