Community Federal Bank in Dothan, Alabama, recently increased its fees to customers who use employees as tellers. Management is interested in whether its new fee policy has increased the number of customers now using its automatic teller machines to that point that more machines are required. The following table provides the number of automatic teller transactions by week. Use trend projection with regression to forecast usage for weeks 13-16. 6 Period 13 14 15 16 6 740 7 782 12 663 1 2 3 4 5 8 9 10 11 Period Transactions 714 716 838 634 694 712 719 837 825 Obtain the trend projection with regression forecast (Enter your responses rounded to the nearest whole number) Forecast, F
Community Federal Bank in Dothan, Alabama, recently increased its fees to customers who use employees as tellers. Management is interested in whether its new fee policy has increased the number of customers now using its automatic teller machines to that point that more machines are required. The following table provides the number of automatic teller transactions by week. Use trend projection with regression to forecast usage for weeks 13-16. 6 Period 13 14 15 16 6 740 7 782 12 663 1 2 3 4 5 8 9 10 11 Period Transactions 714 716 838 634 694 712 719 837 825 Obtain the trend projection with regression forecast (Enter your responses rounded to the nearest whole number) Forecast, F
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 40P: The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels....
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