Question: Please answer this using formulas. (Not Excel) The average return for the S&P 500 index from 1886 to 2017 was 9.5%, with a standard deviation

Please answer this using formulas. (Not Excel)

The average return for the S&P 500 index from 1886 to 2017 was 9.5%, with a standard deviation of 18%. Based on these numbers, what is you best forecast for the S&P 500 return for 2018? construct a 95% confidence interval for the forecast.

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