Salmond Co. has forecasted the New Zealand dollar for the most recent period to be $0.63....
Salmond Co. has forecasted the New Zealand dollar for the most recent period to be $0.63. The realized value of the New Zealand dollar in the most recent period was $66. Calculate the absolute forecast error as a percentage of the realized value.
Homework Answers
Absolute forecast error = ( Forecasted value-Realized value)/ Realized value
= (0.63-66)/66
=-99.05%
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Salmond Co. has forecasted the New Zealand dollar for the most
recent period to be $0.63....
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