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a . Obtain the linear trend equation for the following data on new checking accounts at Fair Savings Bank and use it to predict expected

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
1200623211281
2214724812275
3211825013280
4228925314288
52351026715310
b. Use trend-adjusted smoothing with \alpha =0.3 and \beta =0.2 to smooth the new account data in part a. What is the forecast for period 16? Compute the initial trend estimate (Tt) for Period 5 as follows: (Period 4 data Period 1 data)/3. Then compute the initial trend-adjusted forecast (TAFt) 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 to 3 decimal places and other values to 2 decimal places for intermediate calculations. Round your final answer to 2 decimal places.)

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