Question: Please Help, Professor said to do this using excel data analysis. Autocorrelation in Stock Price. The following data show the daily closing prices (in dollars

Please Help, Professor said to do this using excel data analysis.

Autocorrelation in Stock Price. The following data show the daily closing prices (in dollars per share) for a stock.

Time Period Price
3-Nov 82.87
4-Nov 83.00
5-Nov 83.61
6-Nov 83.15
7-Nov 82.84
10-Nov 83.99
11-Nov 84.55
12-Nov 84.36
13-Nov 85.53
14-Nov 86.54
17-Nov 86.89
18-Nov 87.77
19-Nov 87.29
20-Nov 87.99
21-Nov 88.80
24-Nov 88.80
25-Nov 89.11
26-Nov 89.10
27-Nov 88.90
28-Nov 89.21

a. Define the independent variable Period, where Period = 1 corresponds to the data for November 3, Period = 2 corresponds to the data for November 4, and so on. Develop the estimated regression equation that can be used to predict the closing price given the value of Period.

b. At the .05 level of significance, test for any positive autocorrelation in the data.

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