Suppose that you work for a large mutual fund and your supervisorasks you to write a brief report on the funds’ rates of return in the last3 years. Having calculated the historical returns you are asked toforecast the next year rate of return. Please describe in words whatdata is necessary to write the report and what basic statistics youwould use. Make sure to provide details on the computations, and ifyou want, you can create a hypothetical data set with the sales in thepast 3 years to run your results.
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