The file P14_42.xlsx contains monthly data on consumer revolving credit (in millions of dollars) through credit unions.
Question:
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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a To forecast consumer revolving credit through credit unions for the nex...View the full answer
Answered By
DHRUV RAI
As a tutor, I have a strong hands-on experience in providing individualized instruction and support to students of all ages and ability levels. I have worked with students in both one-on-one and group settings, and I am skilled in creating engaging and effective lesson plans that meet the unique needs of each student.
I am proficient in using a variety of teaching techniques and approaches, including problem-based learning, inquiry-based learning, and project-based learning. I also have experience in using technology, such as online learning platforms and educational software, to enhance the learning experience for my students.
In addition to my teaching experience, I have also completed advanced coursework in the subjects that I tutor, including mathematics, science, and language arts. This has allowed me to stay up-to-date on the latest educational trends and best practices, and to provide my students with the most current and effective teaching methods.
Overall, my hands-on experience and proficiency as a tutor have equipped me with the knowledge, skills, and expertise to help students achieve their academic goals and succeed in their studies.
0 Reviews
10+ Question Solved
Related Book For 
Practical Management Science
ISBN: 978-1305250901
5th edition
Authors: Wayne L. Winston, Christian Albright
Question Posted:
