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siven the information below: A researcher is interested in finding out how the pest average daily values of the stock prices of a firm A
siven the information below: A researcher is interested in finding out how the pest average daily values of the stock prices of a firm A determine the current average daly value of ts slock price. Let pt (measured in dollars) denote the zverage daily value of the stock price of firm A at time t. The researcher collects data on the average daily values of the stock prices of the last quarter of 2017 , ie., t=1,2,..., 80 and estimates the following autoregressive model with ' leg of pt : p^t=2.12+1.12pt1,,R2=0.512,SER=13.14.(1.14)(0.64) f the current stock price is is $631 and the stock price for the previous trading day was $412. The forecasted stock price for tomorrow is Hint: Answer to three decimal places
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