Harris Mutual Fund invests primarily in technology stocks.

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Harris Mutual Fund invests primarily in technology stocks. The price of the fund at theend of each month for the 12 months of 2009 are:

Month                                     Mutual Fund price

Jan                                                  19.39

Feb                                                  18.96

mar                                                 18.20

apr                                                   17.89

may                                                 18.43

june                                                 19.98

july                                                   19.51

aug                                                   20.63

sept                                                 19.78

oct                                                   21.25

nov                                                   21.18

dec                                                  22.14

A. Find the forecast value of the mutual fund for the month of June, using a naive model. The value for December 2008 was 19.00

B. Forecast the mutual fund price for January 2010 using a 3 period moving average model.

ROUND ANSWERS TO 2 DECIMAL PLACES FOR BOTH PROBLEMS.