Consider the following rates offered on certificates of deposit at a large metropolitan bank during a recent
Question:
Consider the following rates offered on certificates of deposit at a large metropolitan bank during a recent year:
Use a three-month average to forecast the rate for the following January.
Month | Rate | Month | Rate | |
Jan-16 | 1.025 | Jul-16 | 1.575 | |
Feb-16 | 2.047 | Aug-16 | 2.612 | |
Mar-16 | 2.28 | Sep-16 | 2.985 | |
Apr-16 | 2.65 | Oct-16 | 2.298 | |
May-16 | 2.714 | Nov-16 | 1.454 | |
Jun-16 | 2.963 | Dec-16 | 2.461 |
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Related Book For
Forecasting And Predictive Analytics With Forecast X
ISBN: 978-1259903915
7th edition
Authors: J. Holton Wilson, Barry Keating
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