Question: Given the information below: A researcher is interested in finding out how the past average daily values of the stock prices of a firm

Given the information below: A researcher is interested in finding out how

Given the information below: A researcher is interested in finding out how the past average daily values of the stock prices of a firm A determine the current average daily value of its stock price. Let p, (measured in dollars) denote the average daily value of the stock price of firm A at time t. The researcher collects data on the average daily values of the stock prices of the last quarter of 2017. Le.. (1, 2..... 90 and estimates the following autoregressive model with 1 lag of p -2.12+1.12p-1, R =0.512, SER=13.14. (1.14) (0.54) If the current stock price is is $631 and the stock price for the previous trading day was $412. The forecasted stock price for tomorrow is $.___? Hint: Answer to three decimal places.

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