Exchange rate predictability: Multi-State Markov-Switching model and trend with controlled smoothness

This study presents an exchange rate (Mexican Pesos / U.S. Dollar) forecasting model. The statistical methodology used is based on the Multi-State Markov Switching model with three different specifications. The model is applied to the trend of the time series data instead of the original observatio...

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Bibliographic Details
Main Authors: Alejandro Islas Camargo, Juan A. Zumaya Galván
Format: Article
Language:English
Published: Universidade de São Paulo (USP) 2025-03-01
Series:Estudos Econômicos
Subjects:
Online Access:https://www.revistas.usp.br/ee/article/view/221028
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