The following table includes the information about a monthly time series. When a forecast is made by the three-month moving average method, all three monthly observations used to make this forecast are treated equally in the sense that each of them has the same weight of 1/3. What is the forecast for May when the three-month weighted moving average method is applied with the weights: 1/6, 2/6, and 3/6? Assign the smallest weight to the oldest data and the largest weight to the most recent data.
A) 19.00
B) 24.00
C) 18.67
D) 21.17

Question

The following table includes the information about a monthly time series.  When a forecast is made by the three-month moving average method, all three monthly observations used to make this forecast are treated equally in the sense that each of them has the same weight of 1/3. What is the forecast for May when the three-month weighted moving average method is applied with the weights: 1/6, 2/6, and 3/6? Assign the smallest weight to the oldest data and the largest weight to the most recent data.
A) 19.00 
B) 24.00 
C) 18.67 
D) 21.17

Quizplus · Accepted Answer

The Answer of The following table includes the information about a monthly time series.  When a forecast is made by the three-month moving average method, all three monthly observations used to make this forecast are treated equally in the sense that each of them has the same weight of 1/3. What is the forecast for May when the three-month weighted moving average method is applied with the weights: 1/6, 2/6, and 3/6? Assign the smallest weight to the oldest data and the largest weight to the most recent data.
A) 19.00 
B) 24.00 
C) 18.67 
D) 21.17

The Following Table Includes the Information About a Monthly Time