Plata Histricos

Plazo:
01/11/2010 - 13/11/2013

ene. 2010
feb. 2010
mar. 2010
abr. 2010
may. 2010
jun. 2010
jul. 2010
ago. 2010
sep. 2010
oct. 2010
nov. 2010
dic. 2010
ene. 2011
feb. 2011
mar. 2011
abr. 2011
may. 2011
jun. 2011
jul. 2011
ago. 2011
sep. 2011
oct. 2011
nov. 2011
dic. 2011
ene. 2012
feb. 2012
mar. 2012
abr. 2012
may. 2012
jun. 2012
jul. 2012
ago. 2012
sep. 2012
oct. 2012
nov. 2012
dic. 2012
ene. 2013
feb. 2013
mar. 2013

Precio
8,887.02
8,452.80
8,974.63
9,458.87
9,826.78
9,946.78
9,541.21
9,418.68
10,179.15
11,359.76
12,817.33
13,953.92
13,966.45
14,689.89
17,237.85
20,171.51
17,344.54
16,824.14
17,652.41
18,812.59
18,477.88
16,407.49
16,900.01
15,578.83
15,397.06
16,446.54
15,983.83
15,334.67
14,306.84
14,149.29
13,490.52
13,838.01
15,952.63
15,761.10
15,764.19
15,211.17
14,683.69
14,326.52
13,602.47

25,000
20,000
Pesos Chilenos

Mes

15,000
10,000
5,000
0
ene. mar. may. jul. sep. nov. ene. mar. may.
2010 2010 2010 2010 2010 2010 2011 2011 2011

abr. 2013
may. 2013
jun. 2013
jul. 2013
ago. 2013
sep. 2013

11,971.04
11,038.07
10,615.42
9,954.70
11,222.54
11,380.63

Precio

Precio

mar. may. jul. sep. nov. ene. mar. may. jul. sep. nov. ene. mar. may. jul. sep.
2011 2011 2011 2011 2011 2012 2012 2012 2012 2012 2012 2013 2013 2013 2013 2013

Fecha
01.12.2010
01.01.2011
01.02.2011
01.03.2011
01.04.2011
01.05.2011
01.06.2011
01.07.2011
01.08.2011
01.09.2011
01.10.2011
01.11.2011
01.12.2011
01.01.2012
01.02.2012
01.03.2012
01.04.2012
01.05.2012
01.06.2012
01.07.2012
01.08.2012
01.09.2012
01.10.2012
01.11.2012
01.12.2012
01.01.2013
01.02.2013
01.03.2013
01.04.2013
01.05.2013
01.06.2013
01.07.2013
01.08.2013
01.09.2013
01.10.2013
01.11.2013

Valores en USD
20,670
21,913
21,723
23,555
19,790
19,883
22,193
24,144
28,292
28,395
31,335
30,173
33,204
32,288
34,517
31,370
27,895
27,580
27,741
30,959
32,469
34,583
33,233
27,875
32,731
34,337
30,041
41,699
40,092
34,812
38,303
48,584
37,872
33,804
28,174
30,910

MES
1
2
3
4
5
6
7
8
9
10
11
12

Enero
Febrero
Marzo
Abril
Mayo
Junio
Julio
Agosto
Septiembre
Octubre
Noviembre
Diciembre

VENTAS REALES
(2009)
80
90
85
70
80
105
100
105
100
105
100
150

ares Americanos

Variacin Mensual
Precio de la Plata
60,000
50,000

Dlares Americanos

50,000
40,000
30,000
20,000
10,000
0

Valores en USD

Un perodo de 3 meses (a partir de abril de 2009)

Xt (abril)
Xt(mayo)

85
82

Valores en USD

Mes
nov. 1993
nov. 1994
nov. 1995
nov. 1996
nov. 1997
nov. 1998
nov. 1999
nov. 2000
nov. 2001
nov. 2002
nov. 2003
nov. 2004
nov. 2005
nov. 2006
nov. 2007
nov. 2008
nov. 2009
nov. 2010
nov. 2011
nov. 2012
sep. 2013

Precio
450.25
519.6
529.3
482.76
506
498.4
519.2
471.93
412.35
453.87
520.64
751.43
786.38
1,298.45
1,467.20
986.78
1,787.68
2,657.20
3,326.52
3,277.32
2,256.38

Mes
nov. 1993
nov. 1994
nov. 1995
nov. 1996
nov. 1997
nov. 1998
nov. 1999
nov. 2000
nov. 2001
nov. 2002
nov. 2003
nov. 2004
nov. 2005
nov. 2006
nov. 2007
nov. 2008
nov. 2009
nov. 2010
nov. 2011
nov. 2012
sep. 2013

promedios
precio cada 3
trianualidades
aos
450.25
499.7
519.6
529.3
529.3
482.76
495.7
506
498.4
498.4
519.2
467.8
471.93
412.35
412.35
453.87
575.3
520.64
751.43
751.43
786.38
1184.0
1,298.45
1,467.20
1,467.20
986.78
1810.6
1,787.68
2,657.20
2,657.20
3,326.52
2953.4
3,277.32
2,256.38
2,256.38

Precio

Grfico 1
rango de
promedios
aos
trianualidades
1993-1995
499.7
1996-1998
495.7
1999-2001
467.8
2002-2004
575.3
2005-2007
1184.0
2008-2010
1810.6
2011-2013
2953.4

US$ por onza

Variacin Precio de la Plata

cada 3 aos
3500.0
3000.0
2500.0
2000.0
1500.0
1000.0
500.0
0.0

promedios
trianualidades
precio cada 3 aos

Grfico 2
precio cada 3
aos
aos
nov.-1995
529.3
nov.-1998
498.4
nov.-2001
412.4
nov.-2004
751.4
nov.-2007
1467.2
nov.-2010
2657.2
nov.-2013
2256.4

Variacin Precio de la Plata

cada 3 aos
US$ por onza

3000.0
2500.0
2000.0
1500.0
1000.0
500.0
0.0

precio cada 3 aos

REGRESION LINEAL
trimestre
I 08
II 08
III 08
IV 08
I 09
II 09
III 09
IV 09
I 10
II 10
III 10
IV 10
I 11
II 11
III 11
IV 11
I 12
II 12
III 12
IV 12
I 13
II 13
III 13
IV 13
SUM

perodo
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
300.0

precio
dlar/onza
18
17
15
10
13
14
15
18
17
18
19
26
32
38
39
32
33
29
30
33
30
23
21
22
560.7

XY
17.7
34.3
45.1
40.8
63.0
82.4
102.9
140.6
151.8
183.2
208.5
317.1
411.5
534.4
581.8
509.1
554.5
529.5
568.4
652.8
631.7
508.3
491.5
526.1
7887.0

X^2
1.0
4.0
9.0
16.0
25.0
36.0
49.0
64.0
81.0
100.0
121.0
144.0
169.0
196.0
225.0
256.0
289.0
324.0
361.0
400.0
441.0
484.0
529.0
576.0
4900.0

Ft
14.6
15.4
16.1
16.9
17.6
18.4
19.2
19.9
20.7
21.5
22.2
23.0
23.7
24.5
25.3
26.0
26.8
27.6
28.3
29.1
29.9
30.6
31.4
32.1
242.8

ERROR
-3.092
-1.819
1.087
6.684
5.034
4.674
4.467
2.357
3.830
3.133
3.263
-3.444
-7.904
-13.664
-13.514
-5.784
-5.821
-1.855
-1.588
-3.551
-0.228
7.508
10.008
10.221
-318.0

TENDENCIA CON AJUSTE

|ERROR|
3.092
1.819
1.087
6.684
5.034
4.674
4.467
2.357
3.830
3.133
3.263
3.444
7.904
13.664
13.514
5.784
5.821
1.855
1.588
3.551
0.228
7.508
10.008
10.221
318.0

Ft (AJ)
16.0
15.7
15.5
15.8
19.0
18.7
18.5
18.8
22.1
21.8
21.6
21.9
25.1
24.8
24.7
25.0
28.2
27.9
27.7
28.0
31.2
31.0
30.8
31.1
244.2

ERROR
-1.729
-1.482
0.467
5.603
6.397
5.011
3.846
1.276
5.194
3.470
45
2.642
40
-4.524
35
-6.540
30
-13.327
-14.135
25
-6.865
20
-4.457
15
-1.517
10
-2.209
-4.6325
1.135
0
7.845
9.388
9.141
-316.6

|ERROR|

1.729
1.482
0.467
5.603
6.397
5.011
3.846
1.276
5.194
3.470
2.642
4.524
6.540
13.327
14.135
6.865
4.457
1.517
2.209
4.632
1.135
7.845
3
5
7
9.388
9.141
316.6

11

b
a

0.763
13.824

i
ii
iii
iv

1.364
0.337
-0.620
-1.080

13

15

17

19

21

23

precio dlar/onza
Ft
Ft (AJ)

Mes
ene. 1995
feb. 1995
mar. 1995
abr. 1995
may. 1995
jun. 1995
jul. 1995
ago. 1995
sep. 1995

Precio
28.58
28.05
31.54
32.68
34.29
33.46
31.57
33.78
34.53

oct. 1995
nov. 1995

37.76
39.83

dic. 1995
ene. 1996
feb. 1996
mar. 1996
abr. 1996
jun. 1996
jul. 1996
ago. 1996
sep. 1996
oct. 1996
nov. 1996
dic. 1996
ene. 1997
feb. 1997
mar. 1997
abr. 1997
may. 1997
jun. 1997
jul. 1997
ago. 1997
sep. 1997
oct. 1997
nov. 1997
ene. 1998
feb. 1998
mar. 1998
abr. 1998
may. 1998
jun. 1998
jul. 1998
ago. 1998
sep. 1998

39.57
40.29
42.71
41.6
40.24
38.96
38.17
38.54
37.83
39.54
38.11
37.66
37.27
40.37
41.18
37.87
37.68
37.73
34.11
35.14
36.77
42
41.62
49.51
57.34
52.58
53.35
49.33
47.25
48.74
52.11
51.02

AO
ENERO
FEBRERO
MARZO
ABRIL
MAYO
JUNIO
JULIO
AGOSTO
SEPTIEMBRE
OCTUBRE
NOVIEMBRE
DICIEMBRE

Precios de la plata promedios nominales mensuales B.M.L US$/o

2008
2009
2010
15.96
11.29
17.79
17.57
13.41
15.87
19.51
13.12
16.93
17.5
12.51
18.1
17.05
14.03
18.42
16.96
14.65
18.45
18.03
13.36
17.96
14.68
14.35
18.36
12.37
10.44

16.39
17.24

20.55
23.39

9.86
10.28

17.81
17.67

26.54
29.35

jun. 2002
jul. 2002
ago. 2002
sep. 2002
oct. 2002
nov. 2002
dic. 2002
ene. 2003
feb. 2003
mar. 2003
abr. 2003
may. 2003
jun. 2003
jul. 2003
ago. 2003
sep. 2003
oct. 2003
nov. 2003
dic. 2003
ene. 2004
feb. 2004
mar. 2004
abr. 2004
may. 2004
jun. 2004
jul. 2004
ago. 2004
sep. 2004
oct. 2004
nov. 2004
dic. 2004
ene. 2005
feb. 2005
mar. 2005
abr. 2005
may. 2005
jun. 2005
jul. 2005
ago. 2005
sep. 2005
oct. 2005
nov. 2005
dic. 2005
ene. 2006
feb. 2006
mar. 2006
abr. 2006

49.11
48.33
44.87
46.25
44.67
46.27
47.64
51.57
51.2
49.62
48.05
48.79
47.86
50.84
54.22
56.88
56.31
58.01
63.59
69.55
71.34
80.25
80.1
67.73
67
73.09
76.51
73.75
81.65
85.57
79.85
74.92
78.8
81.02
79.52
77.36
79.41
75.31
75.14
77.5
83.47
83.89
92.36
96.85
99.79
111.6
139.57

may. 2006
jun. 2006
jul. 2006
ago. 2006
sep. 2006
oct. 2006
nov. 2006
dic. 2006
ene. 2007
feb. 2007
mar. 2007
abr. 2007
may. 2007
jun. 2007
jul. 2007
ago. 2007
sep. 2007
oct. 2007
nov. 2007
dic. 2007
ene. 2008
feb. 2008
mar. 2008
abr. 2008
may. 2008
jun. 2008
jul. 2008
ago. 2008
sep. 2008
oct. 2008
nov. 2008
dic. 2008
ene. 2009
feb. 2009
mar. 2009
abr. 2009
may. 2009
jun. 2009
jul. 2009
ago. 2009
sep. 2009
oct. 2009
nov. 2009
dic. 2009
ene. 2010
feb. 2010
mar. 2010

148.25
122.71
123.18
133.22
127.48
126.53
141.6
144.24
140.92
153.4
146.24
150.79
142.67
142.53
139.85
136.22
142.65
148.51
159.73
155.3
175.2
190.2
206.31
184.04
177.91
176
184.53
147.36
129.78
131.71
129.3
138.48
158.21
196.13
192.8
168.25
185.75
195.64
178.91
187.71
221.28
228.33
234.35
226.96
227.24
205.42
215.9

abr. 2010
may. 2010
jun. 2010
jul. 2010
ago. 2010
sep. 2010
oct. 2010
nov. 2010
dic. 2010
ene. 2011
feb. 2011
mar. 2011
abr. 2011
may. 2011
jun. 2011
jul. 2011
ago. 2011
sep. 2011
oct. 2011
nov. 2011
dic. 2011
ene. 2012
feb. 2012
mar. 2012
abr. 2012
may. 2012
jun. 2012
jul. 2012
ago. 2012
sep. 2012
oct. 2012
nov. 2012
dic. 2012
ene. 2013
feb. 2013
mar. 2013
abr. 2013
may. 2013
jun. 2013
jul. 2013
ago. 2013
sep. 2013
oct. 2013

222.3
234.59
235.74
229.9
236.29
263.67
291.91
327.59
363.93
346.43
372.66
431.69
501.18
432.19
422.98
444.97
492.42
499.24
431.47
453.76
414.48
412.48
436.91
419.72
412.47
393.61
389.86
366.79
379.22
434.63
426.93
429.44
410.15
394.6
385.75
360.52
309.49
283.43
273.49
251.23
282.38
294.63
284.85

nominales mensuales B.M.L US$/onza

2011
2012
28.4
30.77
30.78
34.14
35.77
32.95
41.97
31.55
36.75
28.66
35.8
28.04
37.92
27.44
40.29
28.69

2013
31.11
30.33
28.8
25.2
23.01
21.11
19.71
21.84

38.15
31.97

33.61
33.19

22.56
21.92

33.08
30.41

32.77
31.96

21,93(*)

I 08
II 08
III 08
IV 08
I 09
II 09
III 09
IV 09
I 10
II 10
III 10
IV 10
I 11
II 11
III 11
IV 11
I 12
II 12
III 12
IV 12
I 13
II 13
III 13
IV 13

17.7
17.2
15.0
10.2
12.6
13.7
14.7
17.6
16.9
18.3
19.0
26.4
31.7
38.2
38.8
31.8
32.6
29.4
29.9
32.6
30.1
23.1
21.4
21.9

trimestres
2008
17.7

2009
12.6

2010
16.9

2011
31.7

17.2

13.7

18.3

38.2

15.0

14.7

19.0

38.8

10.2

17.6

26.4

31.8

2012
32.6

2013
30.1

29.4

23.1

29.9

21.4

32.6

21.9

Precios de la plata promedios nominales mensuales B.M.L US$/onza

AO
T

2008

2009

2010

2011

ENERO

887.784

857.726

1119.575

1360.475

FEBRERO

924.283

939.763

1095.800

1371.313

MARZO

971.055

925.989

1115.554

1422.848

ABRIL

911.600

892.663

1148.475

1474.431

MAYO

889.125

926.855

1204.321

1512.188

JUNIO

889.536

947.807

1232.382

1528.380

JULIO

941.167

934.272

1196.000

1568.526

AGOSTO

840.388

949.500

1213.464

1759.500

SEPTIEMBRE

824.920

996.443

1271.461

1780.648

10

OCTUBRE

812.815

1043.511

1343.190

1667.893

11

NOVIEMBRE

757.850

1126.119

1371.784

1735.977

12

DICIEMBRE

819.940

1135.012

1393.512

1652.725

AO

2008

2009

2010

2011

1
2
3
4

AO
2008-I
2008-II
2008-III
2008-IV
2009-I
2009-II
2009-III
2009-IV
2010-I
2010-II
2010-III
2010-IV
2011-I

927.71
896.75
868.83
796.87

907.83
922.44
960.07
1101.55

1
2
3
4
5
6
7
8
9
10
11
12
13

PRECIO
927.71
896.75
868.83
796.87
907.83
922.44
960.07
1101.55
1110.31
1195.06
1226.98
1369.50
1384.88

1110.31
1195.06
1226.98
1369.50

Yt
935.50
914.82
868.19
775.66
915.45
941.02
959.37
1072.23
1119.64
1219.13
1226.07
1333.05
1396.51

1384.88
1505.00
1702.89
1685.53

2011-II
2011-III
2011-IV
2012-I
2012-II
2012-III
2012-IV
2013-I
2013-II
2013-III
2013-IV
2014

2015

2015-IV

14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33

1505.00
1702.89
1685.53
1691.42
1609.76
1653.46
1719.35
1631.20
1414.92
1325.95
1271.14
1292.78
1299.18

1535.32
1701.64
1640.67
1705.62
1642.19
1652.25
1673.59
1644.90
1443.42
1324.98
1237.31
1303.64
1310.09

ales B.M.L US$/onza

PROMEDIO

FACTOR
ESTACIONAL

2012

2013

2014

SUMA

1656.095

1671.886

1243.068

8796.609

1258.9235

0.9785

1743.095

1630.688

1298.713

9003.655

1284.1570

0.9981

1675.057

1591.013

1336.560

9038.076

1283.5860

0.9976

1648.539

1485.905

1299.175

8860.788

1260.2688

0.9795

1585.114

1416.143

7533.746

1255.6243

0.9759

1595.632

1342.700

7536.437

1256.0728

0.9762

1592.784

1284.348

7517.097

1252.8495

0.9737

1625.682

1345.048

7733.582

1288.9303

1.0018

1741.925

1348.464

7963.861

1327.3102

1.0316

1746.348

1314.402

7928.159

1321.3598

1.0270

1724.352

1277.417

7993.499

1332.2498

1.0354

1687.342

1221.588

7910.119

1318.3532

1.0246

SUM. PROM.
PROM. GLOBAL

15439.6853
1286.6404

907.329794

PRONOSTICO
2012
1691.42
1609.76
1653.46
1719.35

AO
2008-I
2008-II
2008-III
2008-IV
2009-I
2009-II
2009-III
2009-IV
2010-I
2010-II
2010-III
2010-IV
2011-I

2013
1631.20
1414.92
1325.95
1271.14

PRECIO
17.68
17.17
15.03
10.19
12.61
13.73
14.70
17.57
16.86
18.32
18.96
26.43
31.65

2014
1292.78
1299.18

SUMA

PROMEDIO

8946.11
8843.11
7738.18
7943.93

1278.02
1263.30
1289.70
1323.99

SUM. PROM.
PROM. GLOBAL

5155.0015
1288.75

FACTOR
ESTACIONAL
0.9917
0.9803
1.0007
1.0273

2008
935.50
914.82
868.19
775.66

y = -7E
2000.00

2011-II
2011-III
2011-IV
2012-I
2012-II
2012-III
2012-IV
2013-I
2013-II
2013-III
2013-IV

38.17
38.79
31.82
32.62
29.42
29.91
32.64
30.08
23.11
21.37
21.92

0.00
1 2 3 4 5 6 7 8 9 10111213141516171819202122

PRONOSTICO AJUSTADO

PRONOSTICO AJUSTADO
2009
915.45
941.02
959.37
1072.23

2010
1119.64
1219.13
1226.07
1333.05

2011
1396.51
1535.32
1701.64
1640.67

2012
1705.62
1642.19
1652.25
1673.59

2013
1644.90
1443.42
1324.98
1237.31

2014
1303.64
1310.09
0.00
0.00

6 + 0,0007x5 - 0,0229x4 + 0,3385x3 PRECIO

y = -7E-06x
1,9255x2 + 2,7917x + 16,414

PRECIO
Poly. (PRECIO)

Poly. (PRECIO)
Poly. (PRECIO)

212223242526

periodo

1
2

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26

3
4
5
6
7
8
9

27
28
29
30
31
32
33

AO
2008-I
2008-II
2008-III
2008-IV
2009-I
2009-II
2009-III
2009-IV
2010-I
2010-II
2010-III
2010-IV
2011-I
2011-II
2011-III
2011-IV
2012-I
2012-II
2012-III
2012-IV
2013-I
2013-II
2013-III
2013-IV

PRECIO
17.68
17.17
15.03
10.19
12.61
13.73
14.70
17.57
16.86
18.32
18.96
26.43
31.65
38.17
38.79
31.82
32.62
29.42
29.91
32.64
30.08
23.11
21.37
21.92
17.51
14.82
12.13
9.43
6.74
4.05
1.35
-1.34

MODELO DE HOLT
At
Tt
Ft+1
17.68
0
17.425
-0.255
16.0983333 -1.32666667
12.4825 -3.61583333
10.7366667 -1.74583333
11.3604167
0.62375
13.3420833 1.98166667
16.4485417 3.10645833
18.2091667
1.760625
19.1465625 0.93739583
19.5203125
0.37375
23.1603646 3.64005208
29.2252083 6.06484375
36.7316927 7.50648438
41.5124219 4.78072917
39.0565755 -2.45584635
34.6103646 -4.44621094
29.7904102 -4.81995443
27.4418945 -2.34851563
28.8666895 1.42479492
30.1857422 1.31905273
27.3057308 -2.88001139
22.8978597 -4.40787109
20.2049943 -2.6928654
17.5121289 -2.6928654
14.8192635 -2.6928654
12.1263981
9.43353271
6.74066732
4.04780192
1.35493652
-1.33792887

-2.6928654
-2.6928654
-2.6928654
-2.6928654
-2.6928654
-2.6928654

17.68
17.68
17.17
14.77
8.87
8.99
11.98
15.32
19.56
19.97
20.08
19.89
26.80
35.29
44.24
46.29
36.60
30.16
24.97
25.09
30.29
31.50
24.43
18.49
17.51
14.82
12.13
9.43
6.74
4.05
1.35
-1.34
-4.03

ERROR
-

|ERROR|
0.51
2.14
4.58
-3.74
-4.74
-2.72
-2.25
2.69
1.65
1.13
-6.53
-4.85
-2.88
5.45
14.47
3.98
0.75
-4.94
-7.55
0.21
8.40
3.06
-3.43

0.51
2.14
4.58
3.74
4.74
2.72
2.25
2.69
1.65
1.13
6.53
4.85
2.88
5.45
14.47
3.98
0.75
4.94
7.55
0.21
8.40
3.06
3.43

5.39

92.64

ALFA
BETA

0.5
1

50.00
40.00
30.00
20.00
10.00
0.00
1

-10.00

sesgo
MAD
seal de rastreo

11 13 15 17 19 21 23 25 27

PRECIO
Ft+1

27 29 31 33

periodo

1
2

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26

3
4
5
6
7
8
9

27
28
29
30
31
32
33

AO
2008-I
2008-II
2008-III
2008-IV
2009-I
2009-II
2009-III
2009-IV
2010-I
2010-II
2010-III
2010-IV
2011-I
2011-II
2011-III
2011-IV
2012-I
2012-II
2012-III
2012-IV
2013-I
2013-II
2013-III
2013-IV

PRECIO
17.68
17.17
15.03
10.19
12.61
13.73
14.70
17.57
16.86
18.32
18.96
26.43
31.65
38.17
38.79
31.82
32.62
29.42
29.91
32.64
30.08
23.11
21.37
21.92

MODELO DE HOLT
At
Tt
Ft+1
17.68
0
17.527
0
16.7769
0
14.80183
0
14.143281
0
14.0192967
0
14.2235077
0
15.2284554
0
15.7189188
0
16.5002431 0.78132437
17.7840973 1.28385412
21.275566 3.49146871
26.8319243 5.55635831
34.1237978 7.29187353
40.6269699 6.50317213
42.5370994 1.91012951
40.8990603 -1.63803917
36.3077148 -4.5913455
31.1754585 -5.13225628
28.0222415 -3.15321694
26.4323172 -1.58992432
24.321675 -2.11064219
21.958723 -2.36295204
20.2930397 -1.66568332

17.68
17.68
17.53
16.78
14.80
14.14
14.02
14.22
15.23
17.68
17.53
16.78
14.80
14.14
14.02
14.22
15.23
15.72
17.28
19.07
24.77
32.39
41.42
47.13
44.45
39.26
31.72
26.04
24.87
24.84
22.21
19.60
18.63

ERROR
-

|ERROR|
0.51
2.50
6.58
2.20
0.41
-0.68
-3.35
-1.63
-0.64
-1.43
-9.65
-16.85
-24.03
-24.77
-17.60
-17.39
-13.70
-12.63
-13.57
-5.31
9.28
20.05
25.21

0.51
2.50
6.58
2.20
0.41
0.68
3.35
1.63
0.64
1.43
9.65
16.85
24.03
24.77
17.60
17.39
13.70
12.63
13.57
5.31
9.28
20.05
25.21

-96.50

229.98

ALFA
BETA

50.00
45.00

0.3
1

40.00
35.00
30.00
25.00
20.00
15.00
10.00
5.00
0.00
1

9 11 13 15 17 19 21 23 25 27 29 31 33

PRECIO
Ft+1

AO
2008-I
2008-II
2008-III
2008-IV
2009-I
2009-II
2009-III
2009-IV
2010-I
2010-II
2010-III
2010-IV
2011-I
2011-II
2011-III
2011-IV
2012-I
2012-II
2012-III
2012-IV
2013-I
2013-II
2013-III
2013-IV

PRECIO
17.68
17.17
15.03
10.19
12.61
13.73
14.70
17.57
16.86
18.32
18.96
26.43
31.65
38.17
38.79
31.82
32.62
29.42
29.91
32.64
30.08
23.11
21.37
21.92