Question

The Bank of New York Company was founded by Alexander Hamilton in 1784 and was a major commercial bank until its merger with the Mellon Financial Corporation in 2007. Their year- end financial reports for the final five years of independent operation give the following values for their liquid assets.
Year Liquid Assets ($ M)
2002 .......... 18,546
2003 .......... 22,364
2004 .......... 22,413
2005 .......... 19,881
2006 .......... 26,670
a) Use a 3-year moving average to predict what liquid assets would have been in 2007.
b) Predict the value for 2007 using a single exponential smooth with smoothing parameter α = 0.2.


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  • CreatedMay 15, 2015
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