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The following data represent the end-of-month stock price of Instagram rounded to the nearest dollar from April to December. Period Month Price 28 25 50

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The following data represent the end-of-month stock price of Instagram rounded to the nearest dollar from April to December. Period Month Price 28 25 50 49 47 1 April 2020 2 May 2012 3 June 2020 4 July 2020 5 August 2020 6 September 2020 7 October 2020 8 November 2020 9 December 2020 25 37 41 55 SD2 SD3 SD1 0 0 1 0 1 Winter Spring Summer lo 0 1 0 Fall SH 9 Uses une season GOTS Lenores emprere. Veteme, January, February, Spring: March, April, May, Summer: June, July, August, Fall: September October, November) The multiple regression results including a trend and seasonal dummies are presented below: Intercept period SD1 SD2 SD3 Coefficients 22.75 2.50 9.50 -5.92 15.92 Standard Error 4.75 2.18 18.09 12.78 7.03 Stat 4.79 1.15 0.53 -0.46 2.26 P-value 0.00 0.03 0.02 0.05 0.07 Lower 95% 10.55 -3.10 -37.00 -38.76 -2.15 Upper 95% 34.95 8.10 56.00 26.93 33.99 What is the forecast for the stock price of Instagram at the end of March 2021? 55.25 30.25 52.75 O RI DAL The following data represent the end-of-month stock price of Instagram rounded to the nearest dollar from April to December. Period Month Price 28 25 50 49 47 1 April 2020 2 May 2012 3 June 2020 4 July 2020 5 August 2020 6 September 2020 7 October 2020 8 November 2020 9 December 2020 25 37 41 55 SD2 SD3 SD1 0 0 1 0 1 Winter Spring Summer lo 0 1 0 Fall SH 9 Uses une season GOTS Lenores emprere. Veteme, January, February, Spring: March, April, May, Summer: June, July, August, Fall: September October, November) The multiple regression results including a trend and seasonal dummies are presented below: Intercept period SD1 SD2 SD3 Coefficients 22.75 2.50 9.50 -5.92 15.92 Standard Error 4.75 2.18 18.09 12.78 7.03 Stat 4.79 1.15 0.53 -0.46 2.26 P-value 0.00 0.03 0.02 0.05 0.07 Lower 95% 10.55 -3.10 -37.00 -38.76 -2.15 Upper 95% 34.95 8.10 56.00 26.93 33.99 What is the forecast for the stock price of Instagram at the end of March 2021? 55.25 30.25 52.75 O RI DAL

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