Assume the following information:

Predicted Value of Realized Value of Period New Zealand Dollar New Zealand Dollar

1 $.52 $.50 2 .54 .60 3 .44 .40 4 .51 .50

Given this information, What is absolute forecast error as a percentage of the the second period?

a.

6.5%

b.

26%

c.

10%

d.

1.5%

e.

6%