Community Federal Bank in Dothan, Alabama, recently increased its fees to customers who use employees as tellers.Management is interested in whether its new fee policy has increased the number of customers now using itsautomatic teller machines to that point that more machines are required. The following table provides the number ofautomatic teller transactions by week. Use trend projection with regression to forecast usage for weeks 13-16.112121083495PeriodTransactions716838634 694712719 837 825 663Obtain the trend projection with regression forecast (Enter your responses rounded to the nearest whole number)Forecast, F1714PeriodD13 14 15 1667407782

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Answered: Community Federal Bank in Dothan,…

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...

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Community Federal Bank in Dothan, Alabama, recently increased its fees to customers who use employees as tellers. Management is interested in whether its new fee policy has increased the number of customers now using its automatic teller machines to that point that more machines are required. The following table provides the number of automatic teller transactions by week. Use trend projection with regression to forecast usage for weeks 13 - 16. Period 1 2 3 5 6 8 9 10 11 12 Transactions 715 717 832 634 688 741 780 713 727 837 824 663 Obtain the trend projection with regression forecast. (Enter your responses rounded to the nearest whole number.) Period Forecast, F, 13 14 15 16
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