23) Match the types of forecasting (fundamental, market-based, technical) to the different statements.

A Not useful for companies because of the short term focus.

B Models can be very efficient but they are volatile but change over time. Also, using models to forecast exchange rates requires researchers to estimate all variables in the model. Hence the quality of very good models depends on the quality of the inputs.

C Is based on the assumption that forward rates (and spot rates) are good indicators of the future spot rate

D Is easily available and free.

E Uses very complex econometric regression models.

F Based on the interpretation of exchange rate charts.

G Attempts to forecast exchange rates by creating a statistical model of the macroeconomic variables which determine exchange rates.

NOTE: Match and if there are two possibilities explain why.