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Which of the following statistics is the least relevant in evaluating the quality of currency forecasts?

1. The root mean squared error (RMSE) of forecasts.

2. The mean absolute deviation (MAD) of forecasts.

3. The mean deviation of forecasts.

4. The percentage time the forecasts were on the correct side of the forward rate.Which of the following statistics is the least relevant in evaluating the quality of currency forecasts?

1. The root mean squared error (RMSE) of forecasts.

2. The mean absolute deviation (MAD) of forecasts.

3. The mean deviation of forecasts.

4. The percentage time the forecasts were on the correct side of the forward rate.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91792705

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