Question

The consumer loan department at Central Union Bank and Trust wants to develop a forecasting model to help determine its potential loan application volume for the coming year. Because adjustable-rate home mortgages are based on government long-term treasury note rates, the department collected the following data for 3- to 5-year treasury note interest rates for the past 24 years:


Develop an appropriate forecast model for the bank to use to forecast treasury note rates in the future and indicate how accurate it appears to be compared to historicaldata.


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  • CreatedJuly 17, 2014
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