In Foreign Exchange Forecasting,what Is a "Good" Forecast

question 2

Multiple Choice

In foreign exchange forecasting,what is a "good" forecast?

• A) When the forecast encourages the firm to buy.
• B) When the forecast is close.
• C) When the forecast is high.
• D) When the forecast predicts the right hedging strategy.

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Definitions:

Less Expensive

Referring to an option that costs less money than others or is relatively cheap.

Group Dynamics

The study of the behaviors and psychological processes occurring within a social group or between social groups.

Maintenance Role

In group dynamics, this refers to actions and behaviors a group member exhibits to support the emotional life and cohesion of the group.

Harmonizing

The process of making things compatible or consistent; reducing conflict or disagreement among elements to create a coherent whole.