The file P16_22.xlsx contains the daily closing prices of American Express stock for a 1-year period. a.

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The file P16_22.xlsx contains the daily closing prices of American Express stock for a 1-year period.

a. Using a span of 3 days, forecast the price of this stock for the next trading day with the method of moving averages. How well does the moving average method with span 3 forecast the known observations in this data set?

b. Repeat part a with a span of 10.

c. Which of these two spans appears to be more appropriate? Explain your choice.

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Practical Management Science, Revised

ISBN: 9781118373439

3rd Edition

Authors: Wayne L Winston, S. Christian Albright

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