Question: A stock technical analyst uses smoothing methods to predict stock prices. The following table contains the monthly price information for Walmart. Date Price 11/30/2018 95.62

A stock technical analyst uses smoothing methods to predict stock prices. The following table contains the monthly price information for Walmart.

Date Price
11/30/2018 95.62
12/31/2018 91.71
1/31/2019 94.35
2/28/2019 97.46
3/29/2019 96.54
4/30/2019 101.80
5/31/2019 100.94
6/28/2019 109.95
7/31/2019 109.84
8/30/2019 114.26
9/30/2019 118.68
10/31/2019 117.26

What is the predicted share price for August 30, 2019 if this technical analyst uses an exponential smoothing method with a smoothing constant of .7 and a 5-month moving average as the initial forecast share price for April 30, 2019?

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