Q3. Stock prices are useful as a leading indicator. To explain this phenomenon, which of the following is most accurate? Stock prices: A) predict future interest rates and reflect the trends in other indicators. B) do not predict future interest rates nor are they correlated with other leading indicators; the usefulness of stock prices as a leading indicator is a mystery. C) reflect the trends in other leading indicators only, and do not have predictive power of their own.
Q4. Which of the domestic series that the IAAI research department listed for use as leading indicators is least appropriate? A) Manufacturing average weekly hours. B) Industrial production. C) M2 money supply.
Q5. IAAI uses primarily historical data in its calculations and forecasts. Which of the following regarding the actions of IAAI is most accurate? A) Credit risk premiums may be useful to IAAI because they are based on actual market expectations. B) IAAI should use a moving average of recent stock returns when times are bad because it will result in a high expected equity risk premium. C) Long time spans should be used so that regime changes can be factored into the forecasts.
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发表于 2009-1-7 10:14
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