What kind of forecasting is usually based on either the spot rate or the forward rate?
Question:
What kind of forecasting is usually based on either the spot rate or the forward rate?
Forecasting:
Forecasting is an essential activity in business, it is the process of predicting future outcomes. The forecasting process depends on past events, current trends, and any anticipated changes in the future. In the process of forecasting one mat apply fundamental analysis or technical analysis. Forecasting enables management to plan and make decisions concerning the future of the business.
Answer and Explanation: 1
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View this answer- Market-based forecasting
Market-based forecasting is conducted based on market indicators of exchange rates. This type of forecasting relies on the...
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Chapter 14 / Lesson 1Explore forecasting in business. Learn the definition of forecasting and understand its different types. Discover the importance of forecasting with examples.