Answered: Year Rate Year Rate Year Rate 1 5.77 9.…

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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Question

The consumer loan department at Central Union Bank and Trust wants to develop a forecasting
model to help determine its potential loan application volume for the coming year. Because
adjustable-rate home mortgages are based on government long-term treasury note rates, the department
collected the following data for 3- to 5-year treasury note interest rates for the past
24 years: Develop an appropriate forecast model for the bank to use to forecast treasury note rates in the
future and indicate how accurate it appears to be compared to historical data.

Year
Rate
Year
Rate
Year
Rate
1
5.77
9.
9.71
17
7.68
5.85
10
11.55
18
8.26
3
6.92
11
14.44
19
8.55
4
7.82
12
12.92
20
8.26
5
7.49
13
10.45
21
6.80
6.
6.67
14
11.89
22
6.12
6.69
15
9.64
23
5.48
8.
8.29
16
7.06
24
6.09

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