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Researchers examined forecasters' interest rate predictions for 34 quarters to see whether the predictions corresponded to what actually happened. The 2 X 2 contingency table
Researchers examined forecasters' interest rate predictions for 34 quarters to see whether the predictions corresponded to what actually happened. The 2 X 2 contingency table below shows the frequencies of actual and predicted interest rate movements. Interest Rate Forecast Accuracy Actual Change DecLine Rise Forecast Change AJ (A+) Row TbtaL Decline {Fj S 12 29 Rise EH} 2 _9 2 Column Total 18 _El _EE Click here for the Excel Data File Calculate each probability {iVi]: [Round your answers to 4 decimal places.:: _ . _ PfA- and F-)
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