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Exhibit 14-3 the Quarterly Numbers of Applications for Home Mortgage Loans at Loans

question 15

Essay

Exhibit 14-3
The quarterly numbers of applications for home mortgage loans at a branch office of a large bank are recorded in the table below.
-Refer to Exhibit 14-3. Use a moving average model to forecast these data, requesting 4 quarters of future forecasts. Use a span of 4 quarters.


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Raw Materials

Basic materials used in the production process, transformed into finished goods through manufacturing.

Captive Finance Company

A subsidiary whose purpose is to provide financing to customers of a parent company, facilitating sales of the parent company's products.

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The act of supplying capital for company operations, acquiring assets, or investing.

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Large household appliances such as refrigerators, stoves, and dishwashers that are essential for kitchen operations.

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