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.

10%

b.

26%

c.

1.5%

d.

6.5%

e.

6%