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A stock technical analyst uses smoothing methods to predict stock prices. The following table contains the monthly price information for Walmart. Date Price 11/30/2018 95.62
A stock technical analyst uses smoothing methods to predict stock prices. The following table contains the monthly price information for Walmart.
Date | Price |
11/30/2018 | 95.62 |
12/31/2018 | 91.71 |
1/31/2019 | 94.35 |
2/28/2019 | 97.46 |
3/29/2019 | 96.54 |
4/30/2019 | 101.80 |
5/31/2019 | 100.94 |
6/28/2019 | 109.95 |
7/31/2019 | 109.84 |
8/30/2019 | 114.26 |
9/30/2019 | 118.68 |
10/31/2019 | 117.26 |
What is the predicted share price for August 30, 2019 if this technical analyst uses an exponential smoothing method with a smoothing constant of .7 and a 5-month moving average as the initial forecast share price for April 30, 2019?
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