Consider the following data: Monthly Profit of a Gym Month Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12...

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Consider the following data: Monthly Profit of a Gym Month Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12...

Consider the following data:

Monthly Profit of a Gym Month Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12

Profit ($) 5,350 5,103 4,824 4,437 5,080 5,358 5,819 6,091 5,837

Step 3 of 5: Determine the three-period weighted moving average for the next time period with weights of 3 (most recent), 2 (second recent), and 1 (oldest time period). If necessary, round your answer to one decimal pl

math Statistics-And-Probability

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Answer 1

Answer #1

Three-period weighted moving average for the next time period

= (5837 * 3 + 6091 * 2 + 5819 * 1) / (3 + 2 + 1)

= 5918.7

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Answer 2

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