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. Do not round intermediate calculations. Round your answers to two decimal places. Period 1 2 3 4 Yen Forecast $0.0050 $0.0054 $0.0048 $0.0048 %. Actual Yen Value $0.0054 $0.0056 $0.0052 $0.0051 %. Pound Forecast $1.54 $1.49 $1.48 $1.46 Actual Pound Value $1.58 $1.50 $1.52 $1.55 The mean absolute forecast error as a percentage of the realized yen value is The mean absolute forecast error as a percentage of the realized pound value is Because the mean absolute forecast error as a percentage of the realized pound value is -Select-than that of the yen, the-Select- was forecasted with greater accuracy.

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