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Estimating the volume of loans that will be made at a credit union is crucial to effective cash management in those institutions. In the table that follows are quarterly data for a real credit union located in a Midwestern city. Credit unions are financial institutions similar to banks, but credit unions are not-for-profit firms whose members are the actual owners (remember their slogan, “It’s where you belong”). The members may be both depositors in and borrowers from the credit union. please use forecastx and show work/audit page
a. Estimate a multiple-regression model to estimate loan demand and calculate its root-mean-squared error.
b. Estimate a time-series to estimate loan demand with the same data.
c. Combine the models in parts (a) and (b) and subject Loan Officers and determine the best combined model; can combine all.3. Which performs better individual, a combination of two or all 3. Try to explain why you obtained the result you did
b. Estimate a time-series to estimate loan demand with the same data .