Harris Mutual Fund invests primarily in technology stocks.
Harris Mutual Fund invests primarily in technology stocks. The price of the fund at theend of each month for the 12 months of 2009 are:
Month Mutual Fund price
Jan 19.39
Feb 18.96
mar 18.20
may 18.43
june 19.98
july 19.51
aug 20.63
sept 19.78
oct 21.25
nov 21.18
dec 22.14
A. Find the forecast value of the mutual fund for the month of June, using a naive model. The value for December 2008 was 19.00
B. Forecast the mutual fund price for January 2010 using a 3 period moving average model.
ROUND ANSWERS TO 2 DECIMAL PLACES FOR BOTH PROBLEMS.
