Question
The below graph plots the daily prices of Gold over time. a) Examine the plot and describe the issues that may arise when trying to
The below graph plots the daily prices of Gold over time.
a) Examine the plot and describe the issues that may arise when trying to forecast future Gold prices given this time series data. Offer solutions to these issues. (2 marks).
b) Offer a suitable forecasting method for this data. (2 marks).
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Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
