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    Time series analysis and regression

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    (a) Choose one category of consumer credit and plot it.
    (b) Describe the trend (if any) and discuss possible causes.
    (c) Fit a trend model of your choice.
    (d) Make a forecast for 2004, using a trend model of your choice. Note: Revolving credit is mostly credit card and home equity loans, while non-revolving credit is for a specific purchase such as a car.

    Consumer Credit Outstanding, 1994-2003 ($ billions):

    Year Total Revolving Non-revolving
    1995 1,141 443 698
    1996 1,242 499 743
    1997 1,305 522 783
    1998 1,400 563 837
    1999 1,513 590 922
    2000 1,686 659 1,027
    2001 1,822 704 1,118
    2002 1,903 828 1,186
    2003 2,002 745 1,257

    © BrainMass Inc. brainmass.com June 3, 2020, 10:17 pm ad1c9bdddf
    https://brainmass.com/statistics/regression-analysis/plotting-data-trend-model-forecasting-example-problem-224047

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    Solution Summary

    The solution provides step by step method for the calculation of time series model . Formula for the calculation and Interpretations of the results are also included.

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