Exchange rate prediction: Dynamic econometric models and neural networks
β Scribed by D. Witkowska; K. Kompa; A. Matuszewska
- Book ID
- 105529757
- Publisher
- Springer US
- Year
- 2001
- Tongue
- English
- Weight
- 160 KB
- Volume
- 7
- Category
- Article
- ISSN
- 1083-0898
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π SIMILAR VOLUMES
Forecasting currency exchange rates is an important ΓΏnancial problem which is receiving increasing attention especially because of its intrinsic di culty and practical applications. During the last few years, a number of nonlinear models have been proposed for obtaining accurate prediction results,
In the economics literature on exchange rate determination no theory has yet been found that performs well in out-of-sample prediction experiments. Until today the simple random walk model has never been significantly outperformed. We have identified a set of fundamental long-run exchange rate model