Question

A​ long-time independent bank merged with another bank in 2003. Their​ year-end financial reports for the final five years of independent operation give the values to the right for their liquid assets. ​a) Use a​ 3-year moving average to predict what liquid assets would have been in 2003. ​b) Predict the value for 2003 using a single exponential smooth with smoothing parameter alphaequals0.3​, beginning with the initial value.

Answer 1

1. The liquid assets value= 21614

2. The predicted value for 2023 = 19749

Step-by-step explanation

Check attachment for calculation and tables