Which of the following forecasting techniques would be most likely to use the historical exchange rate data for the euro to predict the euro's future exchange rate?
A) fundamental forecasting
B) market-based forecasting
C) technical forecasting
D) mixed forecasting

Question

​Which of the following forecasting techniques would be most likely to use the historical exchange rate data for the euro to predict the euro's future exchange rate?
A) ​fundamental forecasting
B) ​market-based forecasting
C) ​technical forecasting
D) ​mixed forecasting

Quizplus · Accepted Answer

Technical forecasting analyzes historical trends and patterns in data to make predictions for the future. In this case, using historical exchange rate data for the euro is a perfect example of applying technical forecasting.

​Which of the Following Forecasting Techniques Would Be Most Likely

Which of the Following Forecasting Techniques Would Be Most Likely