Suppose we expect the DJIA for 2012/1 to be 12600. Using the data in Problem 70, forecast
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Suppose we expect the DJIA for 2012/1 to be 12600. Using the data in Problem 70, forecast the closing price for IBM and construct a 95 % prediction interval for it.
Problem 70
It is of interest to find the relationship between the monthly closing stock prices of IBM (y; unit: $10) and the closing indices of Dow Jones Industrial Average (x; unit 100).
Estimate the slope of the regression of the monthly closing prices of IBM against those of DJIA
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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