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Next week Sara got an assignment to model the loan sales for the next year for budgeting purposes. The number that she got using a

Next week Sara got an assignment to model the loan sales for the next year for budgeting purposes. The number that she got using a linear regression gave her an estimate of 750 loans. She decided to confirm her estimation with a few managers. Mark from the marketing department is very optimistic and says that they can loan a minimum of 1200 loans next year. Cherry from the underwriting department says they already did a lot of overtime this year to do 600 loans and can hardly do more than 600 loans the next year. Using a 3-point estimating method calculate the final number that Sara will present to her VP and the Board.

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