Question: a. Obtain the linear trend equation for the following data on new checking accounts at Fair Savings Bank and use it to predict expected new

a. Obtain the linear trend equation for the following data on

a. Obtain the linear trend equation for the following data on new checking accounts at Fair Savings Bank and use it to predict expected new checking accounts for perlods 16 through 19. (Round your intermedlate calculations and final answers to 2 decimal places.) Click here for the Excel Data Flle Answer is complete and correct. b. Use trend-adjusted smoothing with =0.3 and =0.2 to smooth the new account data in part a. What is the forecast for perlod 16 ? Compute the initial trend estimate (Tt ) for Perlod 5 as follows: (Perlod 4 data - Perlod 1 data) / 3 . Then compute the Initlal trendadjusted forecast (TAFt) for Period 5 as follows: Perlod 4 data + Initlal trend estimate for Perlod 5. Then compute all remalning values (Including the St value for Period 5) using the textbook formulas or Excel template. (Round the "Trend" values to 3 decimal places and other values to 2 decimal places for Intermedlate calculations. Round your final answer to 2 decimal places.) Answer is complete but not entirely correct

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