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Interval forecast for the japanese yen

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Interval forecasts. Calculate one month 95% interval forecast for the Japanese yen given the following information: So= yen 78.8312/ $. Standardization (JPY) =2% (mONTHLY),expected return =0.Briefly explain the purpose and importance of interval forecasts in relation to point forecasts of future exchange rates.

Reference no: EM131767570

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