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Exchange Rate Forecasting by Imad A. Moosa
  • Exchange Rate Forecasting

  • Techniques and Applications

  • by Imad Moosa
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    • Product code: 10864
    • ISBN: 0333736443, ISBN13: 9780333736449, 448 pages, hardback
      Published by Palgrave MacMillan on 1999 , 1st
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    Description of Exchange Rate Forecasting

    Forecasting exchange rates is a variable that preoccupies economists, businesses and governments, being more critical to more people than any other variable. Here, 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. Practical in approach, the guide 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 developments in the field, notably neural networks and chaos, with 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.

    Contents of Exchange Rate Forecasting

    Expectations and Forecasting: An Overview

    Exchange Rate Forecasting as an Input in the Decision-Making Process

    Univariate Time Series Techniques

    Multivariate Time Series Models

    Market-Based Forecasting: The Spot and Forward Exchange Rates

    Judgmental and Composite Forecasting

    Technical Analysis

    Trading Rules

    Recent Developments: Neural Networks and Chaos

    Measuring Forecasting Accuracy

    Selection, Implementation and Monitoring of Forecasts

    Case Studies

    Concluding Remarks

    References

    About Imad A. Moosa

    IMAD MOOSA is currently Associate Professor in Economics and Finance at La Trobe University, Australia, prior to which he lectured at the University of Sheffield, UK. Before entering academia, he worked as a professional economist and investment banker for over ten years.

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