(a) An analyst is interested in using the Trading Range Breakout (TRB) rule to investigate whether future share price changes are predictable on the basis of past price values. He has obtained the following share price information for Random plc over the past 30 weeks: Weeke 1 22 32 42 52 62 Price 280 275 2554 225 2902 2952 2604 3232 390 460 Week 112 12- 132 142 152 16 172 182 192 204 Price 4502 4302 430 420 435 405 3232 2982 305 3152 Weeke 212 22 23 24 25 26 272 28 294 304 Price 310 3402 3902 425 512 530 610 600 585 510 7 82 94 102 Required: (1) Calculate the Maximum and Minimum share prices over a previous 5-week period (ending before the current week) from weeks 6 to 30.- Advise the analyst based upon the results for Random plc whether a trading strategy which recommends the purchase of a share if the price is higher than (ii) the Maximum price over the past 5 days and the sale of a share if the price falls below the Minimum price over the past 5 days would have outperformed a passive approach. You may assume that the investor who buys (sells) a share holds it (stays short) until a sell (buy) signal emerges. (a) An analyst is interested in using the Trading Range Breakout (TRB) rule to investigate whether future share price changes are predictable on the basis of past price values. He has obtained the following share price information for Random plc over the past 30 weeks: Weeke 1 22 32 42 52 62 Price 280 275 2554 225 2902 2952 2604 3232 390 460 Week 112 12- 132 142 152 16 172 182 192 204 Price 4502 4302 430 420 435 405 3232 2982 305 3152 Weeke 212 22 23 24 25 26 272 28 294 304 Price 310 3402 3902 425 512 530 610 600 585 510 7 82 94 102 Required: (1) Calculate the Maximum and Minimum share prices over a previous 5-week period (ending before the current week) from weeks 6 to 30.- Advise the analyst based upon the results for Random plc whether a trading strategy which recommends the purchase of a share if the price is higher than (ii) the Maximum price over the past 5 days and the sale of a share if the price falls below the Minimum price over the past 5 days would have outperformed a passive approach. You may assume that the investor who buys (sells) a share holds it (stays short) until a sell (buy) signal emerges