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When Measuring Forecast Performance of Different Currencies, It Is Often

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When measuring forecast performance of different currencies, it is often useful to adjust for their relative sizes. Thus, percentages, rather than nominal amounts, are often used to compute forecast errors.

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Effective

Being successful in producing a desired or intended result, often used to describe strategies, policies, or products that achieve their goals efficiently.

Sender

The person or entity that initiates a message or communication to a receiver.

Message

A piece of communication that is sent from one person or entity to another, conveying information, feelings, or instructions.

Composes

To create or put together elements or components in a particular form or structure, such as writing music, authoring documents, or assembling pieces to form a whole.

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