Foreign Exchange Rates by Arif Orun Sylemez - 9780367609917

Taylor & Francis

Foreign Exchange RatesA Research Overview of the Latest Prediction Techniques\nAuthor(s): Arif Orun Sylemez\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367609917, 978-0367609917\nSynopsis\nPredicting foreign exchange rates has presented a long-standing challenge for economists. However, the recent advances in computational techniques, statistical methods, newer datasets on emerging market currencies, etc., offer some hope. While we are still unable to beat a driftless random walk model, there has been serious progress in the field. This book provides an in-depth assessment of the use of novel statistical approaches and machine learning tools in predicting foreign exchange rate movement.\n\nFirst, it offers a historical account of how exchange rate regimes have evolved over time, which is critical to understanding turning points in a historical time series. It then presents an overview of the previous attempts at modeling ex.