Question: question a has been answered, please answer part b only Problem 3-9 (Algo) a. Obtain the linear trend equation for the following data on new

question a has been answered, please answer part b only question a has been answered, please answer part
question a has been answered, please answer part
Problem 3-9 (Algo) 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 New Accounts Period New Accounts Period New Accounts 200 6 231 11 281 2 212 7 245 12 275 3 211 8 250 13 287 4 227 9 250 14 288 5 235 10 267 15 301 6.96 = Y Y16 Y17 Y18 Y19 194.95 + 306.311 313.27 320.23 111 327.191 b.Use trend-adjusted smoothing with a = 2 and B = 1 to smooth the new account data in part a. What is the forecast for period 16? Compute the initial trend estimate (T.) for Period 5 as follows: (Period 4 data - Period 1 data)/3. Then compute the initial trend- adjusted forecast (TAF) for Period 5 as follows: Period 4 data + Initial trend estimate for Period 5. Then compute all remaining values (including the 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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!