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	.42
4	.51	.55

Given this information, the mean absolute forecast error as a percentage of the realized value is about:

6.00%.

2.87%.

none of the above

26.0%.

6.50%.