Tranco, Inc. has forecasted the Chinese yuan for the most recent period to be $0

Question

Tranco, Inc. has forecasted the Chinese yuan for the most recent period to be $0.16. The realized value of the Chinese yuan in the most recent period was $0.14. Thus, the absolute forecast error as a percentage of the realized value was ____ percent.?
Tranco, Inc. has forecasted the Chinese yuan for the most recent period to be $0.16. The realized value of the Chinese yuan in the most recent period was $0.14. Thus, the absolute forecast error as a percentage of the realized value was ____ percent.?

Explanation / Answer

Absolute forecast error = Actual - Forecast

= 0.14 - 0.16

= $0.02 (Negative sign is not considered)

Absolute forecast error (%) = Absolute forecast error/Actual realized value

= 0.02/0.14

= 14.29%

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.