Question

If you made a forecast for Week 6, based on a 3 Week simple moving average, how much would your forecast be different from the actual jobless claims?

Week	Jobless claims
	(in thousands)
1	400
2	393
3	392
4	396
5	404
6	385
7	368
8	366
9	387
10	375
11	402
12	355
13	379
14	373
15	361
16	351
17	353
18	351
19

Group of answer choices

10.00

152.11

None of the stated answers are correct.

100.00

-12.33

Answer 1

Week	Jobless claims	3 week moving average forecast
1	400
2	393
3	392
4	396	(400+393+392)/3 = 395
5	404	(393+392+396)/3 = 393.67
6	385	(392+396+404)/3 = 397.33

If i made a forecast for Week 6, based on a 3 Week simple moving average, then my forecast be different from the actual jobless claims by:-

= claim for week 6 - forecast for week 6

= (385-397.33)

= -12.33

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