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. (Round your intermediate calculations and final answers to 2 decimal places.) Period New Accounts Period New Accounts Period New Accounts 1 11 12 13 3 4 200 212 211 230 235 6 7 8 9 10 239 250 250 256 267 14 15 281 275 287 288 306
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. (Round your intermediate calculations and final answers to 2 decimal places.) Period New Accounts Period New Accounts Period New Accounts 1 11 12 13 3 4 200 212 211 230 235 6 7 8 9 10 239 250 250 256 267 14 15 281 275 287 288 306
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
Please do not give solution in image format thanku

Transcribed Image Text:Problem 3-9 (Algo)
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. (Round your intermediate calculations and final answers to 2 decimal
places.)
Period New Accounts Period New Accounts Period New Accounts
1
11
2
12
13
14
15
3
4
5
Y
Y16
Y17
Y18
Y19
200
212
211
230
235
=
=
=
6
Forecast for period 16
7
8
9
10
239
250
250
256
267
281
275
287
288
306
b.Use trend-adjusted smoothing with a = .2 and 3 = .1 to smooth the new account data in part a. What is the forecast for period 16?
Compute the initial trend estimate (T+) for Period 5 as follows: (Period 4 data - Period 1 data) / 3. Then compute the initial trend-
adjusted forecast (TAF+) for Period 5 as follows: Period 4 data + Initial trend estimate for Period 5. Then compute all remaining values
(including the St value for Period 5) using the textbook formulas or Excel template. (Round the "Trend"values (Tt) to 3 decimal places
and all other intermediate forecast values (TAFt and St) to 2 decimal places. Round your final answer to 2 decimal places.)
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 29 images

Recommended textbooks for you

Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,

Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education

Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,

Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education


Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning

Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.