The auditor for a bank believes that its customer base has remained rather stable over time and
Question:
The auditor for a bank believes that its customer base has remained rather stable over time and that interest expense should parallel prevailing interest rates. The auditor decides to apply time-series regression analyses to the following data set:
Required:
a. Compute the regression relationship of interest.
b. How “good” is the regression model’s explanatory power?
c. What are the underlying assumptions of the regression tool?
d. How might this application be improved?
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Related Book For 
Internal Auditing: Principles And Techniques
ISBN: 9780894131677
1st Edition
Authors: Richard L. Ratliff, W. Wallace, Walter B. Mcfarland, J. Loeboecke
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