For the following time series, you are given the moving average forecast. The three-year moving average for 2004 is ______.
A) 22
B) 21
C) 14.33
D) 166

Question

For the following time series, you are given the moving average forecast.  The three-year moving average for 2004 is ______.
A) 22 
B) 21 
C) 14.33 
D) 166

Quizplus · Accepted Answer

As the question is to find the three-year moving average for 2004, we need to take the average of the values from the years 2002, 2003, and 2004.
From the given data, the three-year moving average forecast for:
2002 = (18+24+31)/3 = 24.33
2003 = (24+31+17)/3 = 24
2004 = (31+17+6)/3 = 14.33
Therefore, the answer is C, 14.33.

For the Following Time Series, You Are Given the Moving