Stock values for a certain company are recorded in the table. x (Weeks Since 5 Years Ago) y (Closing Price, in $) most recent 260 67.06 7 days ago 259 67.00 1 month ago 256 66.24 6 months ago 234 60.04 1 year ago 208 54.69 3 years ago 104 47.31 5 years ago 0 28.09 Using a process similar to the one you used in part B, this exponential model was found as the best fit for this data: y = 30.078(1.003)x. Question 1 Question Use the exponential model to make predictions about closing prices of this stock. Remember that x represents the number of weeks since the first data point, so the value of x today would be 260. Type the correct answer in each box. If necessary, round the answers to the nearest cent. One week from today, the stock is predicted to close at $. One month from today, the stock is predicted to close at $. One year from today, the stock is predicted to close at $.
Stock values for a certain company are recorded in the table. x (Weeks Since 5 Years Ago) y (Closing Price, in $) most recent 260 67.06 7 days ago 259 67.00 1 month ago 256 66.24 6 months ago 234 60.04 1 year ago 208 54.69 3 years ago 104 47.31 5 years ago 0 28.09 Using a process similar to the one you used in part B, this exponential model was found as the best fit for this data: y = 30.078(1.003)x. Question 1 Question Use the exponential model to make predictions about closing prices of this stock. Remember that x represents the number of weeks since the first data point, so the value of x today would be 260. Type the correct answer in each box. If necessary, round the answers to the nearest cent. One week from today, the stock is predicted to close at $. One month from today, the stock is predicted to close at $. One year from today, the stock is predicted to close at $.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Stock values for a certain company are recorded in the table.
| x (Weeks Since 5 Years Ago) | y (Closing Price, in $) | |
|---|---|---|
| most recent | 260 | 67.06 |
| 7 days ago | 259 | 67.00 |
| 1 month ago | 256 | 66.24 |
| 6 months ago | 234 | 60.04 |
| 1 year ago | 208 | 54.69 |
| 3 years ago | 104 | 47.31 |
| 5 years ago | 0 | 28.09 |
Using a process similar to the one you used in part B, this exponential model was found as the best fit for this data:
y = 30.078(1.003)x.
Question 1
Question
Use the exponential model to make predictions about closing prices of this stock. Remember that x represents the number of weeks since the first data point, so the value of x today would be 260.
Type the correct answer in each box. If necessary, round the answers to the nearest cent.
One week from today, the stock is predicted to close at $.
One month from today, the stock is predicted to close at $.
One year from today, the stock is predicted to close at $.
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