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The time series plot below displays the daily price of gold in 2014. Additionally, ACF plot of the time series are included below. What does
The time series plot below displays the daily price of gold in 2014. Additionally, ACF plot of the time series are included below. What does the ACF plot indicate? A. The price of gold is a random process. B. The ACF plot shows that prices are strongly correlated with past prices; thus, the price of gold is not a random process. C. The ACF plot slowly tapers off, indicating there is a decreasing trend in the price of gold. D. None of the answers is correct
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