Question: (a) Choose one category of consumer credit and plot it. (b) Describe the trend (if any) and discuss possible causes. (c) Fit a trend model

(a) Choose one category of consumer credit and plot it.
(b) Describe the trend (if any) and discuss possible causes.
(c) Fit a trend model of your choice.
(d) Make forecasts for 3 years (20112013), using a trend model of your choice. Note: Revolving credit is mostly credit card and home equity loans, while non revolving credit is for a specific purchase such as a car.

Consumer Credit Outstanding, 2000-2010 (S billions) Revolving Nonrevolving 2 1,469 5 1,580 1,604 1,607

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