Suppose that an MNC uses the 90-day forward rate on British pounds as a forecast for the dollar value of the pound in 90 days. If the current spot rate of the pound is $1.60, and the 90-day forward rate is $1.70, then MNC expects the pound to appreciate by percent over the next 90 days. True or False: Technical forecasting of exchange rates has shown to be more consistent and reliable than the other primary forecasting methods. True False 6. Measurement of forecast error The following table shows an MNC's forecasted and realized values for one time period for the Canadian dollar and the euro. Currency Forecasted Value Realized Value Canadian Dollar $0.77 $0.70 Euro $1.52 $1.60 For the current period, the forecast error (as a percent of the realized value) for the Canadian dollar is percent while the forecast error (as a percent of the realized value) for the euro is percent. (Hint: Input your answers as positive numbers.) In general, in periods when the value of a currency is more volatile, the resulting forecast error will be