The following table lists the number of home improvement loans approved by a nance company, along with
Question:
a. Develop a regression forecast model using the interest rate as the predictor (i.e., independent) variable. Is this a time series or a causal forecasting model? Explain.b. How many loans should the bank expect to make if the interest rate is 10%? 6.5%? Do these results make sense?
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Related Book For 
Introduction to Operations and Supply Chain Management
ISBN: 978-0132747325
3rd edition
Authors: Cecil B. Bozarth, Robert B. Handfield
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