Question: Apex Mutual Fund invests primarily in technology stocks. The prices of the fund at the end of each month for the 12 months of 2003

Apex Mutual Fund invests primarily in technology stocks. The prices of the fund at the end of each month for the 12 months of 2003 are given in Table P-6:

a. Find the forecast value of the mutual fund for each month by using a naive model. The value for December 2002 was 19.00.

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