Use the random walk model to forecast the closing price of this stock on the next trading day. Round your answer to the nearest cent, if necessary.$____You can be about 95% certain that the forecast made in part a will be off by no more than how many dollars? Round your answers to the nearest cent, if necessary. ForecastLower limit$ Upper limit$ DateAdjusted Close4-Jan-18100.475-Jan-18100.708-Jan-1899.789-Jan-18100.1410-Jan-18100.8411-Jan-18100.3512-Jan-18100.5916-Jan-1899.9717-Jan-18100.3818-Jan-1899.4919-Jan-1897.6622-Jan-1897.9523-Jan-1897.6124-Jan-1898.9325-Jan-1899.3226-Jan-1899.2629-Jan-1899.0430-Jan-1898.3431-Jan-1899.031-Feb-1899.632-Feb-1896.325-Feb-1891.676-Feb-1893.837-Feb-1893.268-Feb-1888.019-Feb-1891.3812-Feb-1894.3513-Feb-1894.2114-Feb-1895.8715-Feb-1896.2016-Feb-1896.4320-Feb-1896.8321-Feb-1897.1422-Feb-1896.9923-Feb-1898.4326-Feb-18101.2627-Feb-1899.2128-Feb-1897.151-Mar-1894.782-Mar-1895.24

According to random walk theory, changes in stock prices have the same distribution and are…

Answered: Use the random walk model to forecast…

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter8: Analysis Of Risk And Return

Section: Chapter Questions

Problem 24P

Related questions

Question

Use the random walk model to forecast the closing price of this stock on the next trading day. Round your answer to the nearest cent, if necessary.
$____
You can be about 95% certain that the forecast made in part a will be off by no more than how many dollars? Round your answers to the nearest cent, if necessary.

Forecast

Lower limit $

Upper limit $