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Hi, I need help with this assignment, can you provide calculations based on these numbers in the excel file? Thanks! Case 1: Bank Account Forecast
Hi, I need help with this assignment, can you provide calculations based on these numbers in the excel file? Thanks!
Case 1: Bank Account Forecast A well-known commercial bank in Australia is interested in estimating the number of new bank accounts opened by customers each year. The number of new accounts opened in this bank has increased slowly over years even during the global financial crisis (2008-2009). Top management strongly believes that they need a long-term strategic plan for the bank which is a 5-year forecast for the number of new accounts opened. To achieve this aim, the bank operations manager examined past account data and also extracted the employment rate over 30 years (1991-2020). The resulting data are shown in below table: No of new Employment No of new Employment Year account(000) Rate (%) Year account(000) Rate (%) 1991 3.136 90.42 2006 6.007 95.22 1997 3.309 89.27 2007 5.826 95.62 1993 3.803 89.13 2008 8.266 95.77 1994 6.807 90.28 2009 7.128 94.44 1995 2.386 91.53 2010 9.670 94.79 1996 4.643 91.49 2011 11.419 94.92 1997 2.911 91.64 2012 11.335 94.78 1998 2.553 92.32 2013 9.358 94.34 1999 4.422 93.13 2014 10.418 93.92 2000 3.613 93.72 2015 10.459 93.95 2001 3.948 93.26 2016 7.328 94.29 2002 3.347 93.63 2017 9.004 94.41 2003 3.907 94.07 2018 8.559 94.70 2004 4.071 94.60 2019 8.476 94.84 2005 6.666 94.97 2020 8.635 93.39 1. Using the following methods forecast for all possible periods. Show the graph of actual and forecast (4 points) a. Moving average (you need to find the best value for n) (1 point) b. Linear trend (trend projection) (1 point) c. Linear regression (2 points)Step by Step Solution
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