The file P14_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars) through credit unions.
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The file P14_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars) through credit unions.
a. Use these data to forecast consumer revolving credit through credit unions for the next 12 months. Do it in two ways. First, fit an exponential trend to the series. Second, use Holt’s method with optimized smoothing constants.
b. Which of these two methods appears to provide the best forecasts? Answer by comparing their MAPE values.
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Related Book For
Practical Management Science
ISBN: 978-1305250901
5th edition
Authors: Wayne L. Winston, Christian Albright
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