5. You are hired as a consultant to assess a firms ability to forecast. The firm has developed a point forecast for two different currencies presented in the following table. The firm asks you to determine which currency was forecasted with greater accuracy.

Period Singapore Dollar Forecast $0.70 0.71 0.72 0.73 1 2 3 4 Actual Singapore Actual Singapore Dollar Value $0.69 0.72 0.71 0.72 Australian dollar Forecast $0.73 0.75 0.77 0.74 Actual Australian Dollar Value $0.70 0.79 0.75 0.77