FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Silicon Co. has forecasted the Canadian dollar for the most recent period to be $0.73. The realized value of the Canadian dollar in the most

Silicon Co. has forecasted the Canadian dollar for the most recent period to be $0.73. The realized value of the Canadian dollar in the most recent period was $0.80. Thus, the absolute forecast error as a percentage of the realized value was ____ percent.

a. 9.6

b. 8.8

c. -8.8

d. -9.6

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Canadian Public Sector Financial Management

Canadian Public Sector Financial Management

Authors: Andrew Graham

3rd Edition

1553395417, 9781553395416

More Books

Students also viewed these Finance questions

Question

★★★★★
The paper Population Pressure and Agricultural Intensity (Annals of the Association of American Geographers [1977]: 384396) reported a positive association between population density and agricultural...

Answered: 1 week ago

Question

★★★★★
6. A coworker comes back from visiting a new primary care clinic that was recently built. You ask her how it went, and she replies, I really liked it. That is really a high-quality new primary care...

Answered: 1 week ago

Question

★★★★★
The following supplemental RRA information is taken from the 2015 annual report of HL Oil & Gas Ltd. HL Oil & Gas Ltd. Statement of Changes in Standardized Measure Year Ended December 31, 2015...

Answered: 1 week ago

Question

★★★★★
Silicon Co. has forecasted the Canadian dollar for the most recent period to be $0.73. The realized value of the Canadian dollar in the most recent period was $0.80. Thus, the absolute forecast error...

Answered: 1 week ago

Question

★★★★★
J invested $5,000 in a no-load mutual fund when the NAv was $34 per share. She has reinvested all dividend and capital gains distributions. Five years later, her account statement showed that she...

Answered: 1 week ago

Question

★★★★★
b. Danielle, age 16, recently obtained her driver's license. Her parents want to make certain they are protected if Danielle negligently injures another motorist while driving a family car. (10...

Answered: 1 week ago

Question

★★★★★
1. From the graph in Fig. 1 answer the following questions. (a) Which curve represents y = y(t)? How do you know? (b) What is the period of the motion? Answer this question first graphically (by...

Answered: 1 week ago

Question

★★★★★
Econ 241 Fall 2023 Homework Assignment # 2 Name: Due: October 31, 2023 1) (5 points) Explain how a government budget deficit might crowd out private investment. Use a diagram to show it.

Answered: 1 week ago

Question

★★★★★
Question 4 (7 Marks) The Figure below represents labour force and employment in Australia before the bushfire devastation. AssumeE0 is the equilibrium demand and supply for labour before the...

Answered: 1 week ago

Question

★★★★★
6 Consider the following process for matching n jobs to n processors. In each step, every job picks a processor at random. The jobs that have no contention on the processors they picked get executed,...

Answered: 1 week ago

Previous Question Next Question