Multiple Choice
Silicon ltd has forecasted the Canadian dollar for the most recent period to be £0.47. The realized value of the Canadian dollar in the most recent period was £0.45. Thus, the absolute forecast error as a percentage of the realized value was ____% to the nearest 1/10th %.
A) 4.0
B) 0.4
C) 4.4
D) -4.0
Correct Answer:
Verified
Correct Answer:
Verified
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