Problem

(a) Plot the data on revolving credit (credit cards and home equity lines of credit are th...

(a) Plot the data on revolving credit (credit cards and home equity lines of credit are the two major types of revolving credit). (b) Use MegaStat or MINITAB to calculate estimated seasonal indexes and trend. Is there a trend in the deseasonalized data? (c) Which months have the most borrowing? The least? Is this logical? Revolving

U.S. Consumers Revolving Credit (billions)
Month	2001	2002	2003	2004
Jan	223.2	232.5	240.6	276.7
Feb	221.5	229.7	239.7	272.8
Mar	220.1	230.2	234.0	268.3
Apr	227.7	235.6	235.4	270.6
May	229.1	233.1	240.4	278.0
Jun	225.7	231.0	240.7	275.6
Jul	222.1	229.9	238.6	278.7
Aug	219.6	241.1	240.7	286.4
Sep	216.3	243.1	239.9	286.7
Oct	223.3	242.4	235.8	286.1
Nov	233.2	244.2	269.5	285.8
Dec	238.3	250.2	284.7	315.8

Source: www.federalreserve.gov.

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