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The following table shows an MNCs forecasted and realized values for one time period for the Canadian dollar and the euro. Currency Forecasted Value Realized
The following table shows an MNCs forecasted and realized values for one time period for the Canadian dollar and the euro.
Currency | Forecasted Value | Realized Value |
---|---|---|
Canadian Dollar | $0.54 | $0.60 |
Euro | $1.68 | $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, forecast errors ( vary or remain constant) across different currencies.
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