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What is the forecast for period 16

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Reference no: EM13913016

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.
b. Use trend-adjusted smoothing with α = .3 and β = .2 to smooth the new account data in part a. What is the forecast for period16?

Reference no: EM13913016

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