A Forecasting Technique Based on Fundamental Relationships Between Economic Variables

question 33

True/False

A forecasting technique based on fundamental relationships between economic variables and exchange rates, such as inflation, is referred to as technical forecasting.

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Definitions:

Fraction

A numerical expression of the number of portions of a whole by using the number of portion over the designated whole number, as in 1/8 or “one-eighth.”

Liter

A unit of measure; 1,000 mL or approximately 1 quart.

Tablespoon

A unit of volume commonly used in cooking to measure ingredients, equivalent to three teaspoons.

Drop

In a medical context, a small liquid measurement that is often used in medication dosages or to describe the volume of a substance.