Papers

Author(s)
Andrew Blair
Joseph M. Katz Graduate School of Business
University of Pittsburgh
United States
Robert Nachtmann
Joseph M. Katz Graduate School of Business
University of Pittsburgh
United States
Josephine Olson
Joseph M. Katz Graduate School of Business
University of Pittsburgh
United States
Thomas Saaty
Joseph M. Katz Graduate School of Business
University of Pittsburgh
United States

Publication date: Jan, 1987

Abstract: Studies have indicated that forecasts by market experts can be more accurate than time series forecasts. This article describes a process for structuring an expert foreign exchange forecast using Saaty's Analytic Hierarchy Process (AHP). The specific example developed is a forecast of the yen/dollar spot exchange rate from the standpoint of a company considering the desirability of arranging for forward exchange cover.

Keywords: Forecasting, Analytic Hierarchy Process, AHP, Decision making

URL: https://doi.org/10.1016/0038-0121(87)90010-3