Describe three statistics you should obtain from a currency-forecasting service in order to judge the quality of its currency forecasts
What will be an ideal response?
Answer: Three important statistics are the Root Mean Squared Error (RMSE) or Mean Absolute Deviation of its forecasting record, which would provide information on accuracy; the percentage of times they were on the correct side of the forward rate, which would provide useful information on the profitability, and a risk—return statistic (such as the Sharpe ratio), which would provide a characterization of the profitability of using their forecasts in a real time trading strategy.
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All Regulation D offerings can be sold through advertising.
a. true b. false
_______, managers need to understand where the market is going and how their products and services will fit into the market and meet customer needs. ________, they need to ensure that the right product reaches the right customer at the right time and at the right place for the right price.
A. Tactically; tactically B. Strategically; strategically C. Strategically; Tactically D. Decisively; tactically E. defensively; tactically