Produce six-period forecasts using drift method

Reference no: EM133253676

Assignment - Forecasting and Analysis Discussion

Description - To complete this short assignment, please upload the quantmod package and use the TSLA stock price starting from September 2021 until the latest date you can get. Please refer to the code i shared with you as a guidance to complete this assignment.

Produce a time plot of the TSLA stock price.

Produce six-period forecasts using the mean method and plot them.

1. Produce six-period forecasts using drift method.

2. Please report the point forecast together with 80% and 95% confidence bands. How reliable do you think is the forecast point? (check the residuals and calculate the RMSE for both methods.)

3. Report all the R code and R results in a word document and upload it in here.

Reference no: EM133253676

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