The Potential Value of Saaty's Eigenvector Scaling Method for Short-Term Forecasting of Currency Exchange Rates

@article{Troutt1996ThePV,
  title={The Potential Value of Saaty's Eigenvector Scaling Method for Short-Term Forecasting of Currency Exchange Rates},
  author={Marvin D. Troutt and Hussein H. Elsaid},
  journal={SIAM Review},
  year={1996},
  volume={38},
  pages={650-654}
}
The eigenvector scaling method of T. L. Saaty can be applied to currency exchange rate data. The consensus capability of this method for defining a central tendency relationship among currencies is proposed. A preliminary demonstration on real data shows promise that directions of movement of currency value ratios might be predicted from the eigenvector scaled consensus estimates. 

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