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Silicon Co

Question 17

Multiple Choice

Silicon Co. has forecasted the Canadian dollar for the most recent period to be $0.73. The realized value of the Canadian dollar in the most recent period was $0.80. Thus, the absolute forecast error as a percentage of the realized value was ____%.


A) 9.6
B) -9.6
C) 8.8
D) -8.8

Correct Answer:

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