Which of the Following Is True of the Techniques Used

question 55

Multiple Choice

Which of the following is true of the techniques used for forecasting exchange rates?

• A) Very few forecasts are completely accurate because of unexpected events that occur throughout the forecast period.
• B) The human element involved in forecasting exchange rates perfect the techniques.
• C) Fundamental analysts estimate the timing, magnitude, and direction of future exchange rate changes using charts and models of past data trends.
• D) Technical analysts often consider a country's balance-of-payments situation while forecasting exchange rates.

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Definitions:

Reinforcement

A consequence following a behavior that increases the likelihood of that behavior occurring in the future, can be positive (adding a stimulus) or negative (removing a stimulus).

Ecological Theory

A framework that explores the complex relationships between organisms and their environments, emphasizing the interconnectedness of life and ecological systems.

Urie Bronfenbrenner

Pioneered the ecological systems theory to explain how a child's environment affects their development.

Critical Period

A specific time during an organism's development when it is particularly sensitive to certain environmental stimuli, which can have irreversible effects on future development.