Question: Choose an appropriate forecasting technique for the data in the Excel file Prime Rate and find the best forecasting model. Explain how you would use

Choose an appropriate forecasting technique for the data in the Excel file Prime Rate 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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Bank Prime Loan Rate Month Percent Jan1971 629 Feb1971 588 Mar1971 544 Apr1971 528 May1971 546 Jun1971 550 Jul1971 591 Aug1971 600 Sep1971 600 Oct1971 590 Nov1971 553 Dec1971 549 Jan1972 518 Feb1972 4... View full answer

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