Help me Use the Naive method to forecast the price of this stock for the next tradingday. Use two decimals.Forecast for period 22: [ Select]How well does this method forecast the known observations in this series?Calculate the Mean Absolute Percent Error (MAPE):[[ Select ] Period #Adjusted CloseDate1.4-Dec-1797.8825-Dec-1798.006-Dec-1797.507-Dec-1797.8710058-Dec-1797.846 11-Dec-1798.287 12-Dec-1798.65758 13-Dec-1797.079 14-Dec-1796.4510 15-Dec-1797.815011 18-Dec-1798.9612 19-Dec-1798.4313 20-Dec-1797.8014 21-Dec-1797.792515 22-Dec-1798.0316 26-Dec-1797.8617 27-Dec-1798,4118 28-Dec-1798.9819 29-Dec-1798.59202-Jan-1898.22213-Jan-1898.8322

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Answered: Use the Naive method to forecast the…

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.4: Geometric Sequences And Series

Problem 6SC

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Use the Naive method to forecast the price of this stock for the next trading day. Use two decimals. Forecast for period 22: [ Select] How well does this method forecast the known observations in this series? Calculate the Mean Absolute Percent Error (MAPE): [ [ Select ]