You are hired as a consultant to assess a firm's ability to forecast. The firm has developed a point forecast for two different currencies presented in the following table. The firm asks you to determine which currency weforecasted with greater accuracy. Do not round intermediate calculations. Round your answers to two decimal placesPeriodA23Yen Forecast$0.005110,004$0.0051$0.0055Actual YenValue$0.0055$0.0056$0.0054$0.0052PoundForecast$1.40$1.55$1.49$1.52Actual PoundValue$1.50$1.57$1.52$1.56The mean absolute forecast error as a percentage of the realized yen value isThe mean absolute forecast error as a percentage of the realized pound value isBecause the mean absolute forecast error as a percentage of the realized pound value is than that of the yen, the tel was forecasted with greater accuracy

We know that,The forecasts for both the yen and pound are absolute and are in percentage form as…

Answered: You are hired as a consultant to assess…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The Nenana Ice Classic is an annual contest to guess the exact time in the spring thaw when a tripod erected on the frozen. Tanana River near Nenana, Alaska, will fall through the ice. The contest has been run since 1917. The 2017 jackpot was $267,444. The table gives simplified data that record only the date on which the tripod fell each year. The earliest date so far is April 20. To make the data casier to use, the table gives the date each year in days starting with April 20. That is, April 20 is 1, April 21 is 2, and so on. Days from April 20 for the Tanana River tripod to fall Duy Year 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 Year 1948 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 Days from April 20 for the Tanana River tripod to fall 1983 11 1984 22 14 22 22 23 20 22 16 7 23 17 16 19 21 12 19 Day 19 9 15 19 21 15 17 21 17 11. 11 10 11 21 10 20 Days from April 20 for the Tanana River tripod to fall Year 1934 1935…
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