Forecast for year sales using regression to estimate trend

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1. Suppose a firm has had the following historic sales figures. Year: 2012 2013 2014 2015 2016 Sales $1,420,000 $1,720,000 $1,600,000 $2,010,000 $1,770,000 What would be the forecast for next year’s sales using regression to estimate a trend?

2. Bank A pays 8 (APR) percent interest, compounded quarterly, on its money market account. The manager of Bank B want the rate (APR) on its money market account to equal Bank A's effective annual rate, but interest is to be compounded on a monthly basis. Calculate the two EAR's of Bank A and B, Which one is lower?

Reference no: EM131967582

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