A long-time independent bank merged with another bank in 2004. Their year-end financial reports for the final five years of independent operation give the values to the right for their liquid assets. a) Use a 3-year moving average to predict what liquid assets would have been in 2004. b) Predict the value for 2004 using a single exponential smooth with smoothing parameter a=0.3, beginning with the initial value. Year 1999 2000 2001 2002 2003 Liquid Assets ($M) 17,213 21,982 22,642 19,067 25,812
A long-time independent bank merged with another bank in 2004. Their year-end financial reports for the final five years of independent operation give the values to the right for their liquid assets. a) Use a 3-year moving average to predict what liquid assets would have been in 2004. b) Predict the value for 2004 using a single exponential smooth with smoothing parameter a=0.3, beginning with the initial value. Year 1999 2000 2001 2002 2003 Liquid Assets ($M) 17,213 21,982 22,642 19,067 25,812
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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