A NOTE ON FORECASTING EXCHANGE RATES USING A CLUSTER TECHNIQUE
ABSTRACT
In this note, we propose a cluster method as a simple predictive tool to forecast exchange rates (specifically the Japanese Yen and the British Pound against the US Dollar). The general goal in this study is two-fold. First of all, we verify whether or not we can accurately predict the exchange rate movements using the suggested method.
Secondly, we use the generated sign predictions to build a simple trading strategy and check if we can obtain above-normal profits in the foreign exchange market. Our results reveal a sign forecasting ability for one-period-ahead which is lost when more periods ahead are considered. On the other hand, our simple trading strategy does not obtain above-normal profits.
CHAPTER ONE
1.1 Introduction
… This chapter will address the background information that motivated this study, the challenges that prompted it, its aim, and its objectives as a preface to subsequent sections of the study. Additional factors include the study's significance, scope, limitations, research questions and hypotheses, and the definition of technical terms.
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
A Note on Forecasting Exchange Rates Using a Cluster Technique can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
Disclaimer for Complete Material Utilization
The displayed research work titled "A Note on Forecasting Exchange Rates Using a Cluster Technique" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Can this topic “The Effect of Information Technology on the Productivity of a Secretary in Selected Business Organization” be used for Office Technology and Management (OTM) Project?
Yes it can be utilized for research — The study was carried out to examine the effects of information technology on the performance of secretaries in the front office. Survey research design was adopted in the study in order to assess the opinions of the chosen respondents with the use of 13 item questionnaire. Three research questions and hypothesis were raised to guide the study. Data obtained were analyzed using simple sample techniques, frequency and percentages while hypotheses were tested using Chi Square. The outcome of the findings showed that ICT application has impacted positively on the secretarial profession. It was also noted that the adoption of ICT has reduced the employment rate of secretaries and those employed stand the chance of retrenchment. Finally, it was also noted that …
Can the material for “The Effect of Job Design on Job Satisfaction Among Medical Personnel in Nigeria” be used as a guide for Business Administration and Management (BAM) Project?
Yes it can be used — This study examined the effect of job design on job satisfaction. Data were collected from a sample size of 200 Registered Nurses and Doctors employed in 4 major medical centre in Nigeria. Results from Pearson correlation coefficient revealed that job design is associated with job satisfaction but does not correlate significantly. In addition the findings show that demographic variables such as age, duration, pay and interaction correlated significantly with job design. This implies that other factors, not necessarily job design may contribute to employee job satisfaction. Research and managerial implication of these findings are discussed. …
Is the topic “Labour Management Relations: A Tool for Industrial Harmony in Nigeria Organizations” recommended for Public Administration (PA) Project?
Yes it is highly recommended — This research examined the degree of labour relationship between management and employees of Anammco Plc Emene. The population consisted the staff of Anammco including secretaries the sample is 100 for the analysis of the data collected. It was discovered that cordial relationship exists between management employees of Anammco Plc even though the organization has thrived without industrial crises. …
Can the material for “Recruitment Policies and Procedures in Organizations and Companies” be used as a guide for Business Administration and Management (BAM) Project?
Yes it can be used — The research work done is on Recruitment Policies and Procedures in organizations and companies. The research examined the recruitment policies and it’s in the ENUGU STATE BROADCASTING SERVICE (ESBS). The research used both primary and secondary data which were collected and analysed. In the analysis done, it revealed that recruitment policies and procedures in ESBS are based purely on merit and also that some of the positions are significantly dependent on academic qualifications It was discovered that some of the factors militating against recruitment policies and procedures is that personnel managers atimes lack the competent skills required for effective recruitment. Also that partiality and discrimination contributes to inefficiency and ineffectiveness. Consequent upon the problem discovered, many solution was recommended such as advertisement of …
Can the material for “Awareness of Adoption of Library 3.0 Technologies for Library and Information Service among Undergraduate Student in Benson Idahosa University” be used as a guide for Library and Information Science (LIS) Project?
Yes it can be used — Library 3.0 technologies is a model for a modernized form of library services that reflects a transition within the library world in the way services are delivered to users. The aim of the study is to examine the Awareness of Adoption of Library 3.0 Technologies for Library and Information Service using Benson Idahosa University Undergraduate Student as a case study. In achieving this aim, the following specific objectives were set out to examine the adoption impact of Library 3.0 Technologies for Library and Information Service among Undergraduate Student in Benson Idahosa University, ascertain the level of awareness of Benson Idahosa University Undergraduate Student towards Library 3.0 Technologies, and determine the challenges associated with the application of Library 3.0 Technologies in …
Can the material for “The Effect of Stress on Workers Performance” be used as a guide for Human Resource Management (HRM) Project?
Yes it can be used — Stress is a dynamic condition in which an individual is confronted with an opportunity to what an individual desires and for which the outcome is perceived to be both uncertain and important. The study was carried out to investigate the effect of stress on workers performance. In achieving this aim, the following specific objectives were laid out to examine the impact of stress on workers performance, educate workers on how to manage stress in rural areas and help the management to know about the existence of stress in an organization. The research design used in this report is descriptive design, utilizing questionnaire method to obtain information from the respondents for this project. A total of 133 (one hundred and thirty …
Can this topic “The Separation of Powers Principle in a Presidential System of Government” be used for Public Administration (PA) Project?
Yes it can be utilized for research — Presidential system of government is a system of government where the executive branch of government exist alongside legislature and judiciary which serves as watch dog. The objective of the study is to find out whether separation of power in Nigerian presidential system of government in the fourth republic help to improve or engender the protection OF civil liberty and freedom of citizen's in Nigeria. It was found out that the separation of power practiced in Nigeria does not guarantee civil liberty and freedom of citizen's in Nigerian fourth republic. …
Can the material for “An Evaluation of the Effects of Piracy on Maritime Operations in Nigeria” be used as a guide for Maritime and Transport Project?
Yes it can be used — The study examined the effects of piracy on maritime operation in Niger Delta of Nigeria. The study utilized a structured questionnaire to obtain data from 133 resident of Niger delta region. Statistical package for social sciences (SPSS) version 23.0 was employed for data analysis. The study made use of description analysis to analyze the demographic characteristics of the respondents while regression analysis was used to analyze the hypotheses earlier stated. The result of the study indicates that piracy has significant effect on economic prosperity of Niger delta region. The three measures of economic prosperity (economic development, sea transportation performance and job creation) as was used in the study were found to be influenced by pirate activities. The region can enjoy …
Can the material for “The Influence of the Language of Social Media on the English Language” be used as a guide for English Language Project?
Yes it can be used — The boom in the use of social media in our time has no doubt brought a lot alteration in different language conventions. The early users of social media battled with space and time. Since social media language is in the borderline of speech and writing they created unusual acronyms and some other new words, like ‘u’, ur, ‘unfriend’ etc not only to communicate faster but also to maximize the limited space they have. Some linguists began to protest as these coinages were not only used within the circle of social media and informal writing but began to get into the mainstream of the English language. They see it as a threat to their language. This paper takes a different stand as …
Can the material for “Single Phase Auto-Transformer of Rating Ikva, 240v/110, 80 12v, 6v” be used as a guide for Electrical / Electronics Engineering (EE) Project?
Yes it can be used — This project work-up deals on the design and construction of a single phase step down nations fermor, with raking IKVA, 240V/11OV, 80V 12U, 6V. It is a multi-circuit transformer that has one input as the primary and tappins to produce the output (secondary). It is considered as a single coil in series with the supply and a common coil to the head. It is experimentally done using flat metal shocks of cast steel to form the “E” and “I” shaped laminations and coils of various turns. Not much progress has been made by those who were in the field in the production of a much circuit auto-transformer. While working this project, we got information from some textbooks on auto-transformer and …