13.17 U.S.-Canadian exchange rates.
Refer to Exercise 13.15.
canrate
13.17
(a) The histogram and Normal quantile plot show a Normal distribution with one high potential outlier. (b) . The underlying mean is not significantly different from 0. We have no evidence of a drift in the exchange rate series. (c) The best forecast is a naive forecast, or today’s rate. (d) (0.9927, 1.0078).