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ebook You are hired as a consultant to assess a firm's ability to forecast. The firm has developed a point forecast for two different currencies

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ebook You are hired as a consultant to assess a firm's ability to forecast. The firm has developed a point forecast for two different currencies presented in the following table. The firm asks you to determine which currency was forecasted with greater accuracy. Do not round intermediate calculations. Round your answers to two decimal places Actual Yen Pound Actual Pound Period Yen Forecast Value Forecast Value 1 $0.0051 $0.0055 $1.55 11.53 2 10.0053 $0.0056 $1.50 11 57 3 $0.0055 $0.0051 $1.54 51.57 4 $0.0054 10.0053 $1.47 51 51 The mean absolute forecast error as a percentage of the realized yen value is The mean absolute forecast error as a percentage of the realized pound value is Because the mean absolute forecast error as a percentage of the reasred pound value 14 -Seler-w/ than that of the yon, the test w was forecasted with greater accuracy a Grade it Now Save & Continue Continue without saving ebook You are hired as a consultant to assess a firm's ability to forecast. The firm has developed a point forecast for two different currencies presented in the following table. The firm asks you to determine which currency was forecasted with greater accuracy. Do not round intermediate calculations. Round your answers to two decimal places Actual Yen Pound Actual Pound Period Yen Forecast Value Forecast Value 1 $0.0051 $0.0055 $1.55 11.53 2 10.0053 $0.0056 $1.50 11 57 3 $0.0055 $0.0051 $1.54 51.57 4 $0.0054 10.0053 $1.47 51 51 The mean absolute forecast error as a percentage of the realized yen value is The mean absolute forecast error as a percentage of the realized pound value is Because the mean absolute forecast error as a percentage of the reasred pound value 14 -Seler-w/ than that of the yon, the test w was forecasted with greater accuracy a Grade it Now Save & Continue Continue without saving

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