Question

The closing value of the Dow Jones Industrial Average for each trading day for a one-year period is provided in the file P12_19.xlsx.
a. Use the random walk model to forecast the closing price of this index on the next trading day.
b. Would it be wise to use the random walk model to forecast the closing price of this index for a trading day approximately one month after the next trading day? Explain why or why not.



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  • CreatedApril 01, 2015
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