Question
1.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,
1.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.
$____
2. 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 | $ |
| Date | Adjusted Close |
| 4-Jan-18 | 100.47 |
| 5-Jan-18 | 100.70 |
| 8-Jan-18 | 99.78 |
| 9-Jan-18 | 100.14 |
| 10-Jan-18 | 100.84 |
| 11-Jan-18 | 100.35 |
| 12-Jan-18 | 100.59 |
| 16-Jan-18 | 99.97 |
| 17-Jan-18 | 100.38 |
| 18-Jan-18 | 99.49 |
| 19-Jan-18 | 97.66 |
| 22-Jan-18 | 97.95 |
| 23-Jan-18 | 97.61 |
| 24-Jan-18 | 98.93 |
| 25-Jan-18 | 99.32 |
| 26-Jan-18 | 99.26 |
| 29-Jan-18 | 99.04 |
| 30-Jan-18 | 98.34 |
| 31-Jan-18 | 99.03 |
| 1-Feb-18 | 99.63 |
| 2-Feb-18 | 96.32 |
| 5-Feb-18 | 91.67 |
| 6-Feb-18 | 93.83 |
| 7-Feb-18 | 93.26 |
| 8-Feb-18 | 88.01 |
| 9-Feb-18 | 91.38 |
| 12-Feb-18 | 94.35 |
| 13-Feb-18 | 94.21 |
| 14-Feb-18 | 95.87 |
| 15-Feb-18 | 96.20 |
| 16-Feb-18 | 96.43 |
| 20-Feb-18 | 96.83 |
| 21-Feb-18 | 97.14 |
| 22-Feb-18 | 96.99 |
| 23-Feb-18 | 98.43 |
| 26-Feb-18 | 101.26 |
| 27-Feb-18 | 99.21 |
| 28-Feb-18 | 97.15 |
| 1-Mar-18 | 94.78 |
| 2-Mar-18 | 95.24 |
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Survey of Accounting
Authors: Carl S Warren
6th edition
978-113318912, 1133189121, 978-1133189121
