Which of the following forecasting techniques would best represent the sole use of the pattern of historical currency values of the euro to predict the euro's future currency value?
A) fundamental forecasting.
B) market-based forecasting.
C) technical forecasting.
D) mixed forecasting.

Question

Quizplus · Accepted Answer

Technical forecasting relies solely on the analysis of historical patterns and trends in data, making it the best choice for predicting future currency values based on the pattern of historical currency values of the euro. Fundamental forecasting considers macroeconomic and fundamental data, while market-based forecasting considers market signals and sentiments. Mixed forecasting combines several techniques.

Which of the Following Forecasting Techniques Would Best Represent the Sole