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What direct quote between kenya shilling and us dollar is

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Reference no: EM132944446

The forecasting equation for the exchange rate between the Kenya shilling and the US dollar is Yt11t22t= a + bX +bX

Where:

  • Yt is the direct quote
  • X1t is the inflation rate differential in percentage
  • X2t is the growth rate in GNP differential between the two countries in percentage
  • Historical data has been collected and processed using a multiple regression computer package yielding the following results: a = 70, b1= 3.5 and b2 = -2.2
  • The forecast inflation rate in the US is 5% while in Kenya is 10%. The GNP growth rate is 14% in the US and 6% in Kenya.

Required

Problem 1: The direct quote between the Kenya shilling and the US dollar is______

Select one:

a. None of the above

b. KES/$ 70.35

c. KES/$ 105.1

d. KES/$ 69.9

Reference no: EM132944446

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