Question

Data on personal consumption expenditures in the United States are shown in the table below. Date...

Data on personal consumption expenditures in the United States are shown in the table below.

Date Expenditures
May 12,450
June 11,274
July 11,787
August 11,657

Using the weights w1 = 0.70 for the oldest period, w2 = 0.20 for the next oldest period, and w3 = 0.10 for the most recent period, construct a weighted moving average forecast of order k = 3 (i.e., a WMA(3) forecast) for September, rounded to the nearest whole number.

Math   Statistics-And-Probability   
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