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Towson Doolittle Corporation Forecasting Problem Solving Questions.pdf
1. Towson Doolittle Corporation Forecasting Problem Solving Questions
Question Description1. You were recently hired by the Doolittle Corporation corporate
treasury to help oversee its expansion into Europe. Blake Francis, the CFO, wants to hire a
foreign exchange forecasting company. Blake has asked you to evaluate three different
companies, and he has obtained information on their past performances. Out of a total of 50
forecasts for the dollar/euro rate, he companies reported the number of times they
correctly forecast appreciations and depreciations: Correct down forecastscorrect up
forecastsMorrisseyForex Advisors205 PixieExchange Land204 ForexCures1212 There are a
total of $ 35 dollar appreciations (down periods) and 15 dollars depreciations (up periods)
in the sample Blake wants to know two things:a) Can anything be said about the companies’
forecasting ability with the available data?b) What additional information should Blake try
to obtain in order to form a better Judgement? 2. Consider the big MacPPP data (
ATTACHED), pick a currency that was overvalued versus the dollar. Go to www.oanda.com
to find the current exchange rate and determine how much you would have made or lost by
speculating on the overvaluation?Please Don’t forget the references! it will be helpful if you
include this author : Title: International Financial ManagementGeert Bekaert and Robert
HodrickISBN-10: 0132162768 | ISBN-13: 978-0132162768Publisher: Pearson Prentice Hall