Assume the Following Information Given This Information, the Mean Absolute Forecast Error as a

Multiple Choice

Assume the following information:
$\begin{array}{ccc}\text { Period } & \begin{array}{c}\text { Predicted Value of } \\\text { New Zealand Dollar }\end{array} & \begin{array}{c}\text { Realized Value of } \\\text { New Zealand Dollar }\end{array} \\1 & \$ .52 & \$ .50 \\2 & .54 & .60 \\3 & .44 & .40 \\4 & .51 & .50\end{array}$

Given this information, the mean absolute forecast error as a percentage of the realized value is about:

A) 1.5%.
B) 26%.
C) 6%.
D) 6.5%.
E) none of the above