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i would like some help on this question about measuring forecast accuracy. Thank you! Measuring Forecast Accuracy You are hired as a consultant to assess
i would like some help on this question about measuring forecast accuracy. Thank you!
Measuring Forecast Accuracy 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. Show your calculation. (1 point) (hint: For each currency, compute the absolute forecast error as a percentage of realized (actual) value for each period, then calculate its average over the four periods. Compare the average forecast errors of the two currencies) Step by Step Solution
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