Question: 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


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 nal answers to 2 decimal places.) Use trendadjusted smoothing with ? = .2 and ? = .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 dataa. 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.) Solution a). Ft: 195.47 + 7.00t. F16 : 307.47 F18 : 321.47 F17 : 314.17 F19 : 328.47 b). 307.22
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