Subject: International Finance.

(c) Kortize Maey Inc. (KM) is an exporting firm for cable wire in international market. The firm has forecasted the values of exchange rate (USD/EURO) and (USD/AUD) as below: This final assessment paper consists of 4 questions on 9 printed pages. BF3243 INTERNATIONAL FINANCE ction B Q3. (c) (Continued) Required: Calculate the absolute forecast error (AFE) and mean absolute forecast error (MAFE) for two currencies forecasting. Which forecasting has better accuracy? Explain. (10 marks) (c) Kortize Maey Inc. (KM) is an exporting firm for cable wire in international market. The firm has forecasted the values of exchange rate (USD/EURO) and (USD/AUD) as below: This final assessment paper consists of 4 questions on 9 printed pages. BF3243 INTERNATIONAL FINANCE ction B Q3. (c) (Continued) Required: Calculate the absolute forecast error (AFE) and mean absolute forecast error (MAFE) for two currencies forecasting. Which forecasting has better accuracy? Explain. (10 marks)