Huge Corporation has just initiated a market-based forecast system using the forward rate as an estimate of the future spot rate of the Japanese yen (¥)and the Australian dollar (A$).Listed below are the forecasted and realized values for the last period:

According to this information and using the absolute forecast error as a percentage of the realized value,Huge Corp.has forecasted the _______________ more accurately by ____________%.
A) yen;6.19%
B) Australian dollar;6.19%
C) yen;5.34%
D) Australian dollar;5.34%
E) none of the above

Question

Huge Corporation has just initiated a market-based forecast system using the forward rate as an estimate of the future spot rate of the Japanese yen (¥)and the Australian dollar (A$).Listed below are the forecasted and realized values for the last period:

According to this information and using the absolute forecast error as a percentage of the realized value,Huge Corp.has forecasted the _______________ more accurately by ____________%.
A) yen;6.19% 
B) Australian dollar;6.19% 
C) yen;5.34% 
D) Australian dollar;5.34% 
E) none of the above

Quizplus · Accepted Answer

The Answer of Huge Corporation has just initiated a market-based forecast system using the forward rate as an estimate of the future spot rate of the Japanese yen (¥)and the Australian dollar (A$).Listed below are the forecasted and realized values for the last period:

According to this information and using the absolute forecast error as a percentage of the realized value,Huge Corp.has forecasted the _______________ more accurately by ____________%.
A) yen;6.19% 
B) Australian dollar;6.19% 
C) yen;5.34% 
D) Australian dollar;5.34% 
E) none of the above

Huge Corporation Has Just Initiated a Market-Based Forecast System Using