question archive Consider the following forecasted and realised values of Malaysian ringgit (MYR) and Chinese yuan (CNY) against the Australian dollar (A$) during one period

Consider the following forecasted and realised values of Malaysian ringgit (MYR) and Chinese yuan (CNY) against the Australian dollar (A$) during one period

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Consider the following forecasted and realised values of Malaysian ringgit (MYR) and Chinese yuan (CNY) against the Australian dollar (A$) during one period. What is the difference between the MYR forecast error and the CNY forecast error? Calculate the forecast error difference in a percentage. (enter the two decimal number without sign and symbol)

 

Forecasted value

Realised value

Malaysian ringgit

A$0.4798

A$0.5338

Chinese yuan

A$0.2591

A$0.2601

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