Grotex is a small engineering firm exporting to european


Grotex is a small engineering firm exporting to European markets. Over the last four quarters, Grotex has obtained forecasts for the value of the EUR (in USD) from two different sources. A financial analyst in the firm is assigned the task of selecting one of these two sources for future business. Given the following data, what is the MAFE for forecast I? Data Year – 4 Year – 3 Year – 2 Year – 1 Forecast I 1.10 1.15 1.05 1.00 Forecast II 1.15 1.20 1.05 1.00 Actual 1.20 1.15 1.10 1.00

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Financial Management: Grotex is a small engineering firm exporting to european
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