Huge Corp. has just initiated a market-based forecast system using the forward rate as an estimate of the future spot rate of the Japanese yen () and the Australian dollar (A$). Listed Belo According to this information are the forecasted and realized values for the last period: Currency Forecasted Value Realized Value Australian dollar $0.60 $0.61 Japanese yen $0.0067 $0.0069 According to this information and using the absolute forecast error as a percentage of the realized value, the forecast of the yen by Huge Corp. is ____ the forecast of the Australian dollar.

a.

more accurate than

b.

more biased than

c.

the same as

d.

less accurate than