Question
Morgan Bank has been encouraging its customers to use its new mobile banking app. While this may be good for business, the bank has to
Morgan Bank has been encouraging its customers to use its new mobile banking app. While this may be good for business, the bank has to deal with a number of inquiries it receives about the new app. The accompanying table contains a portion of weekly inquiries the bank has received over the past 30 weeks. You can use EXCEL
Week | Inquiries |
1 | 276 |
2 | 321 |
3 | 325 |
4 | 269 |
5 | 268 |
6 | 269 |
7 | 297 |
8 | 259 |
9 | 263 |
10 | 269 |
11 | 254 |
12 | 242 |
13 | 268 |
14 | 260 |
15 | 266 |
16 | 231 |
17 | 193 |
18 | 253 |
19 | 251 |
20 | 221 |
21 | 257 |
22 | 236 |
23 | 259 |
24 | 213 |
25 | 241 |
26 | 238 |
27 | 251 |
28 | 233 |
29 | 192 |
30 | 209 |
Estimate the linear trend model. (Negative values should be indicated by a minus sign. Round your answers to 4 decimal places.)
Use the estimated model to forecast the number of inquiries over the next two weeks. (Round coefficient estimates to at least 4 decimal places and final answers to 2 decimal places.)
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