You are hired as a consultant to assess a firms ability to forecast. The firm has developed
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Actual Yen Pound Pound Period Forecast Value Forecast Value Actual Yen $.0050 0048 0053 S.0051 0052 0052 $1.50 1.53 1.55 $1.51 1.50 1.58 0055 0056 149 1.52
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