Question: For this practical application assignment, you will download five years of daily adjusted closing price and volume data from Yahoo Finance (or another site of your choosing) and perform a descriptive analysis on Target Corporation (TGT).
Conduct a descriptive analysis by doing (at a minimum) the following:
Calculate the mean, median, mode, range, and standard deviation of the adjusted daily closing price for this stock. Interpret these statistics and discuss their relevance. Is the mode useful? Why or why not?
Produce a histogram for the adjusted daily closing price. Be sure you have enough bins, so that you can see the shape of the data. Describe the shape of the data. What does this tell you about the stock?
Produce a boxplot for the adjusted daily closing price. Interpret it. Note: this may be problematic for some of you who are using Excel. You may produce it manually if you cannot generate it automatically.
Produce a time plot (scatter plot) of the closing date versus the stock price. How has the stock trended over time? Are there patterns?
Summarize what descriptive analysis revealed about the adjusted daily closing stock price.