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

question 31

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

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Definitions:

Intentional Acts

Deliberate actions taken by individuals, often with a specific purpose or outcome in mind.

Personal Optimism

An individual's tendency to hold a positive outlook towards their future or the outcome of specific endeavors.

Coping With Stress

Various strategies and methods used by individuals to handle, reduce, or manage their stress and its effects on their lives.

Optimism And Pessimism

Psychological tendencies to generally expect positive or negative outcomes, respectively, which can impact behavior and mental health.