Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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 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 loans next year. Cherry from the underwriting department says they already did a lot of overtime this year to do loans and can hardly do more than loans the next year. Using a point estimating method calculate the final number that Sara will present to her VP and the Board.
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 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 loans next year. Cherry from the underwriting department says they already did a lot of overtime this year to do loans and can hardly do more than loans the next year. Using a point estimating method calculate the final number that Sara will present to her VP and the Board.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started