When Measuring Forecast Performance of Different Currencies, It Is Often

question 8

True/False

When measuring forecast performance of different currencies, it is often useful to adjust for their relative sizes. Thus, percentages, rather than nominal amounts, are often used to compute forecast errors.

---

Definitions:

Awareness

The knowledge or perception of a situation or fact, often leading to an understanding of complex issues or the need for action.

Habituate

The process by which an individual becomes accustomed to a stimulus or an environment, decreasing their reaction over time.

IQs

Intelligence Quotients, standardized scores used to measure human intelligence relative to a statistical norm.

Educational Achievement

The level of academic success or proficiency attained, often measured by grades, diplomas, or degrees.