Week 1 3 4. 5 6 7 8 9 10 11 12 Transactions 512 527 631 434 482 539 577 518 526 636 623 461 2.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 49P
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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.

Week
1
3
4.
5
6
7
8
9
10
11
12
Transactions
512
527
631
434
482
539
577
518
526
636
623
461
2.
Transcribed Image Text:Week 1 3 4. 5 6 7 8 9 10 11 12 Transactions 512 527 631 434 482 539 577 518 526 636 623 461 2.
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ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,