Using a three-month moving average (with weights of 6, 3, and 1 for the most current value, next most current value and oldest value, respectively), the forecast value for October made at the end of September in the following time series would be__________. $$\begin{array} { | r | r | }
\hline \text { July } & 5 \
\hline \text { Amg } & 11 \
\hline \text { Sent } & 13 \
\hline \text { Oct } & 6 \
\hline
\end{array}$$
A)11.60
B)10.00
C)9.67
D)8.60
E)6.11

Question

Using a three-month moving average (with weights of 6, 3, and 1 for the most current value, next most current value and oldest value, respectively), the forecast value for October made at the end of September in the following time series would be__________. $$\begin{array} { | r | r | } 
\hline \text { July } & 5 \
\hline \text { Amg } & 11 \
\hline \text { Sent } & 13 \
\hline \text { Oct } & 6 \
\hline
\end{array}$$
A)11.60
B)10.00
C)9.67
D)8.60
E)6.11

Quizplus · Accepted Answer

The three-month moving average for October is calculated as follows:(6 * 6) + (3 * 13) + (1 * 11) / 10 = 11.60

Using a Three-Month Moving Average (With Weights of 6, 3