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Counts believed that teachers need to throw off their

Recognize different ways a company can manage foreign exchange risk.
Understand the concept of political risk and how it impacts international business.
Distinguish between direct and indirect foreign exchange quotes.
Realize the relationship between the strength of a currency and its impact on international trade and investment.

Definitions:

Alpha

Often used in statistics to denote the level of significance, the threshold at which the null hypothesis is rejected in hypothesis testing.

Coefficient Of Determination

A measure of the goodness of fit of the estimated regression equation. It can be interpreted as the proportion of the variability in the dependent variable y that is explained by the estimated regression equation.

Correlation Coefficient

A measure of the strength of the linear relationship between two variables.

Squared Residual

The square of the difference between an observed value and the value predicted by a model, used in regression analysis to measure error.

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