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Time series: Trend Forecast.

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The following five years of data shwo the average minimum balance to avoid fees for checking accounts that pay interest.

A. Graph the time series. Does a linear trend appear to be present?
B. Develop the equation for the linear trend component for the times series.
C. Use the trend equation to forecast the minimum average balance to avoid account fees for Spring 2006.

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Solution Summary

The solution illustrates the identification and fitting of linear trend in a time series model. Response includes a Word and Excel document.

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