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4. Exchange Rate. Consider the exchange rate of the $ (USD) with (Euro) and $ (USD) with (Pound). The accompanying table shows a portion
4. Exchange Rate. Consider the exchange rate of the $ (USD) with (Euro) and $ (USD) with (Pound). The accompanying table shows a portion of the exchange rates from January 2017 to January 2019. Date Euro Pound Jan-17 1.0635 1.2367 Feb-17 1.0650 1.2495 Jan-19 1.1414 1.2845 a. Find the 3-period and the 5-period moving averages for Euro. Based on MSE, MAD, and MAPE, use the preferred model to forecast Euro for February 2019.
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