Consider a random walk model with the following equation: Yt = Yt -1 + 500 9 et,
Question:
a. Use Excel to simulate a time series that behaves according to this random walk model.
b. Use the time series you constructed in part a to forecast the next observation.
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Related Book For
Data Analysis and Decision Making
ISBN: 978-0538476126
4th edition
Authors: Christian Albright, Wayne Winston, Christopher Zappe
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