Despite widespread predictions that the dollar would decline in value during 2005, it held its own quite well, thank you.

The greenback even rose slightly in Europe. Was this a squiggle on a long downward path that began about four years ago, or has the dollar’s decline run its course?

Alford Associates uses a combination of valuation modeling to provide a long-term view and adaptive (feedback) modeling to make short-term predictions. These approaches can sometimes yield different predictions, and the challenge becomes one of combining the results.