In a Short Essay, Describe Feedforward Control and Give an Example

question 140

Essay

In a short essay, describe feedforward control and give an example of its use.

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Definitions:

Interest Rates

The fee, shown as a percentage of the principal amount, that a lender imposes on a borrower for the use of assets.

T-bill Rate

The yield on U.S. Treasury bills, a benchmark for short-term interest rates in the United States.

Futures Price

The agreed-upon price for the future exchange of an asset; a financial contract specifying the price at which an asset, often a physical commodity or a financial instrument, will be bought or sold at a future date.

Spot Price

The current market price at which a particular asset, such as a commodity, security, or currency, can immediately be bought or sold.