Elena
Tue Nov 19 2024
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7 answers
1942
What is the problem with naive forecasting?
Naive forecasting seems simple and straightforward, but I've heard there are issues with it. I want to understand what the main problems are with this forecasting method.
Tommaso
Sun Nov 17 2024
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6 answers
860
Which is the #1 rule of forecasting?
I'm trying to recall the top rule when it comes to forecasting. There are probably multiple guidelines, but I specifically want to know which one is considered the most important or the first among them.
GalaxyGlider
Wed Jul 17 2024
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7 answers
1284
Why is forecasting the EUR/USD exchange rate so difficult?
Why is the task of forecasting the EUR/USD exchange rate such a challenging endeavor? The currency pair, representing the euro against the US dollar, is influenced by a wide array of economic, political, and geopolitical factors. From the European Central Bank's monetary policy decisions to the Federal Reserve's interest rate adjustments, every move can significantly impact the exchange rate. Additionally, economic data releases, trade agreements, political stability, and even natural disasters can all introduce unexpected volatility. Given this intricate web of variables, how does one accurately predict the future movement of the EUR/USD? What strategies or tools are most effective in navigating this complex landscape?
