Question: Choose an appropriate forecasting technique for the data in the Excel file Federal Funds Rates and find the best forecasting model. Explain how you would

Choose an appropriate forecasting technique for the data in the Excel file Federal Funds Rates and find the best forecasting model. Explain how you would use the model to forecast and how far into the future it would be appropriate to forecast.

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Federal Funds Rate Percent MonthYear Rate Jan1960 399 Feb1960 397 Mar1960 384 Apr1960 392 May1960 385 Jun1960 332 Jul1960 323 Aug1960 298 Sep1960 260 Oct1960 247 Nov1960 244 Dec1960 198 Jan1961 145 Fe... View full answer

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