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Assume the following information: Period Predicted Value of New Zealand Dollar $.52 .55 Realized Value of New Zealand Dollar $.52 .60 .40 .49 .44 4
Assume the following information: Period Predicted Value of New Zealand Dollar $.52 .55 Realized Value of New Zealand Dollar $.52 .60 .40 .49 .44 4 .51 Given this information, the mean absolute forecast error as a percentage of the realized value is about: A) 0.6%. B) 5.5%. C) 7.4%. D) 22%. E) 1.0%
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