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

Question 64

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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$) . Listed below are the forecasted and realized values for the last period: Huge Corporation has just initiated a market-based forecast system using the forward rate as an estimate of the future spot rate of the Japanese yen (¥) and the Australian dollar (A$) . 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, the forecast of the yen by Huge Corp. is ____ the forecast of the Australian dollar. A) more accurate than B) less accurate than C) more biased than D) the same as According to this information and using the absolute forecast error as a percentage of the realized value, the forecast of the yen by Huge Corp. is ____ the forecast of the Australian dollar.


A) more accurate than
B) less accurate than
C) more biased than
D) the same as

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