Question: Monthly loan applications for a local bank from 2006 through

Monthly loan applications for a local bank from 2006 through 2009 were as shown in the table.
a. Combining the monthly applications for each year, fit a linear trend equation and forecast the number of applications for 2012.
b. Determine the seasonal indexes and break the 2012 forecast in part (a) into its monthly components.
c. Combining monthly applications for each year, use exponential smoothing and α = 0.4 to obtain a forecast for 2010.
d. Use the seasonal indexes to break the 2010 forecast in part (c) into its monthly components.

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  • CreatedSeptember 08, 2015
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