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2. The monthly closing prices for AAPL for the past two period and the forecast of the price is listed as: Date Closing Price Forecast

2. The monthly closing prices for AAPL for the past two period and the forecast of the price is listed as:

Date Closing Price Forecast of Closing Price

Sep 2, 2014 100.75 98.80

Oct 1, 2014 97.67 101.62

a. Given that the damping effect, a = .05, do next two-periods ES forecast of the prices for Nov and Dec of 2014.

b. If SE of the forecast is 1.8, write 95% confidence interval for the forecast of November 2014.

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