Part B ?

Problem 3-9 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 7 Period 1 2 3 4 5 New Accounts 200 214 211 220 235 New Accounts 231 247 250 255 267 Period 11 12 13 14 15 New Accounts 281 275 288 288 311 9 10 7.3 t Y Y16 = Y17- Y18 - Y19 = 193.13 309.93 317.23 324.53 331.83 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 16