The consumer loan department at National Bank wants to develop a forecasting model to help determine its

Question:

The consumer loan department at National Bank wants to develop a forecasting model to help determine its potential loan application volume for the coming year. Since adjustable-rate home mortgages are based on government long-term Treasury note rates, the bank has collected the following data for three- to five-year Treasury note interest rates for the past 24 years:

Develop an appropriate forecast model for the bank to use to forecast Treasury note rates in the future, and indicate how accurate it appears to be compared to historicaldata.