The following data represent a breakdown of state banks and all savings organizations in the United States
Question:
The following data represent a breakdown of state banks and all savings organizations in the United States every 5 years over a 60-year span according to the Federal Reserve System.
Develop a regression model to predict the total number of state banks by the number of all savings organizations. Comment on the strength of the model. Develop a time-series trend line for All Savings using the time periods given. Forecast All Savings for period 15 using thisequation.
Transcribed Image Text:
State Banks 1342 1864 1912 1847 1641 1405 1147 1046 997 1070 1009 1042 992 All Savings 2330 2667 3054 3764 4423 4837 4694 4407 4328 3626 2815 2030 1779 Time Period 10 12 13
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x 44754 y 17314 x 2 167540610 y 2 24646062 n 13 xy 598...View the full answer
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Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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