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(b) An investment agent intends to use moving average to observe the trend of one of his stock. He obtained the share price of his

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(b) An investment agent intends to use moving average to observe the trend of one of his stock. He obtained the share price of his stock for the past 7 months, from JAN 2021 to JULY 2021 as stated in the table below. JAN FEB MAR APR MAY JUN JUL Month 2021 2021 2021 2021 2021 2021 2021 Share price (RM/unit) 1.52 1.602.10 2.32 2.90 2.38 2.65 (i) Use a 3-months moving average of the share price to forecast for the month of MAY 2021 and find the forecast error. (Please round the forecasted figures to 2 decimal places). (3 marks) (ii) Use a 5-months moving average of the share price to forecast for the month of JUN 2021 and find the forecast error. (Please round the forecasted figures to 2 decimal places). (4 marks)

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