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Question 25 7 pts Each spring, Matt and Sue release forecasts for the price of the December corn futures contract on December 1 of that year. Over the past twenty years, Matt's forecasts were on average $0.12/bu below the realized December futures price on December 1 and the average of the absolute value of his forecast errors was $0.68/bu. Sue's forecasts were on average $0.22/bu above the realized December futures price on December 1 and the average of the absolute value of her forecast errors was $0.50/bu. Whose forecasts were less biased? Whose forecasts were more accurate? For both questions, briefly explain why. Edit View Insert Format Tools Table 12pt v Paragraph BI VA Tw go p va O words > Question 25 7 pts Each spring, Matt and Sue release forecasts for the price of the December corn futures contract on December 1 of that year. Over the past twenty years, Matt's forecasts were on average $0.12/bu below the realized December futures price on December 1 and the average of the absolute value of his forecast errors was $0.68/bu. Sue's forecasts were on average $0.22/bu above the realized December futures price on December 1 and the average of the absolute value of her forecast errors was $0.50/bu. Whose forecasts were less biased? Whose forecasts were more accurate? For both questions, briefly explain why. Edit View Insert Format Tools Table 12pt v Paragraph BI VA Tw go p va O words >

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