Suppose that you work for a large mutual fund and your supervisor
asks you to write a brief report on the funds’ rates of return in the last
3 years. Having calculated the historical returns you are asked to
forecast the next year rate of return. Please describe in words what
data is necessary to write the report and what basic statistics you
would use. Make sure to provide details on the computations, and if
you want, you can create a hypothetical data set with the sales in the
past 3 years to run your results.
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