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Is Apple a lemon?
Friday, November 9, 2012 2:53
% of readers think this story is Fact. Add your two cents.
Here we present a formal model for Apple, AAPL, share price as based on the consumer price index for motor vehicle parts, MVP, and motor vehicle maintenance and repair, MVR:
AAPL(t)= 24.31MVP(t-6) – 30.02MVR(t-1) + 169.67(t-2000) + 2618.28
Figure 1 shows that the predicted (monthly closing) price is much higher than the observed one during the previous two months when the price fell to $592 (end of October) from $665. The closing price for November 8 is $537.75.
This model is worthless with the current slump. Is Apple a lemon? This means it is judged emotionally rather than objectively.
Figure 1. The observed and predicted price of Apple share.
2012-11-09 02:42:46
Source: http://mechonomic.blogspot.com/2012/11/is-apple-lemon.html
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