Question

Using a three-month moving average, the forecast value for November in the following time series is...

Using a three-month moving average, the forecast value for November in the following time series is ____________.

July 5
Aug 11
Sept 13
Oct 6
a.

11.60
b.

10.00
c.

9.67
d.

8.60
Math   Statistics-And-Probability   
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Answer #1

Forecast value for November = (value of Aug + value of Sept + Value of Oct) / 3

                                               = (11 + 13 + 6) / 3

                                               = 10

Option-B) 10

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