Liquid assets. The Bank of New York Company was founded by Alexander Hamilton in 1784 and was
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Liquid assets. The Bank of New York Company was founded by Alexander Hamilton in 1784 and was a major commercial bank until its merger with the Mellon Financial Corporation in 2007. Their year-end financial reports for the final five years of independent operation give the following values for their liquid assets (Source: The Financial Times).
a) Use a 3-year moving average to predict what liquid assets would have been in 2007.
b) Predict the value for 2007 using a single exponential smooth with smoothing parameter .
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Related Book For 
Business Statistics
ISBN: 9780321716095
2nd Edition
Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe
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