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Consider the following forecasted and realised values of Malaysian ringgit (MYR) and Chinese yuan (CNY) against the Australian dollar (A$) during one period. What is
Consider the following forecasted and realised values of Malaysian ringgit (MYR) and Chinese yuan (CNY) against the Australian dollar (A$) during one period. What is the difference between the MYR forecast error and the CNY forecast error? Calculate the forecast error difference in a percentage. (enter the two decimal number without sign and symbol)
Forecasted value | Realised value | |
Malaysian ringgit | A$0.4798 | A$0.5338 |
Chinese yuan | A$0.2591 | A$0.2601 |
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