Refer to Problem 6. Use a three-month moving average to forecast the mutual fund price for January
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Problem 6
Apex Mutual Fund invests primarily in technology stocks. The price of the fund at the end of each month for the 12 months of 2006 is shown in Table P-6.
Table P-6
MonthMutual Fund Price
January ……………………………19.39
February …………………………..18.96
March …………………………….18.20
April ………………………………17.89
May ……………………………….18.43
June ………………………………19.98
July ……………………………….19.51
August ……………………………20.63
September …………………………19.78
October ……………………………21.25
November …………………………21.18
December …………………………22.14
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