Question: Answer for Part B only please, thank you. a. Obtain the linear trend equation for the following data on new checking accounts at Fair Savings

Answer for Part B only please, thank you.
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 periods 16 through 19. (Round your intermediate calculations and final answers to 2 decimal places.) Period 1 2 3 4 5 New Accounts 200 212 211 227 235 Period 6 7 8 9 10 New Accounts Period New Accounts 236 11 281 247 12 250 13 285 252 14 288 267 15 315 275 Answer is complete and correct. Y 7.24 Y16 194.12 309.96 317.20 Y17 Y18 324.40 331.68 Y19 = b.Use trend-adjusted smoothing with a = 2 and 3 = 1 to smooth the new account data in part a. What is the forecast for period 16? Compute the initial trend estimate (Tt) for Period 5 as follows: (Period 4 data Period 1 data) /3. Then compute the initial trend- adjusted forecast (TAFt) for Period 5 as follows: Period 4 data + Initial trend estimate for Period 5. Then compute all remaining values (including the St value for Period 5) using the textbook formulas or Excel template. (Round the "Trend"values (Tt) to 3 decimal places and all other intermediate forecast values (TAFt and St) to 2 decimal places. Round your final answer to 2 decimal places.) Forecast for period 16Step by Step Solution
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