Discus the below:
Q: a. Obtain the linear trend equation for the following data on new checking accounts and use it to predict new checking accounts for periods 16 through 19.
|
Period
|
New Accounts
|
|
Period
|
New Accounts
|
|
Period
|
New Accounts
|
|
1
|
200
|
|
6
|
232
|
|
10
|
281
|
|
2
|
214
|
|
7
|
248
|
|
11
|
275
|
|
3
|
211
|
|
8
|
250
|
|
12
|
280
|
|
4
|
228
|
|
9
|
253
|
|
13
14
|
288
310
|
|
5
|
235
|
|
10
|
267
|
b. Use trend-adjusted smoothing with a = .3 and [3 = .2 to smooth the account data. What is the forecast for period 16?