THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The table below is the quarterly data of the Shiller Real Home Price Index.To remove the seasonality a centered 4-point moving average is used.

-What is the value of ?
A)104.28
B)104.12
C)102.77
D)103.45

Question

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The table below is the quarterly data of the Shiller Real Home Price Index.To remove the seasonality a centered 4-point moving average is used.
 
-What is the value of  ?
A)104.28 
B)104.12 
C)102.77 
D)103.45

Quizplus · Accepted Answer

The value of the centred 4-point moving average for the third quarter of 2017 (11ea5b8a_b7b9_24d4_b1f3_b51a98858989_TB2968_11) is the average of the real home prices for the second quarter of 2017 to the first quarter of 2018.
Thus, we need to find the average of the real home prices for:
Q2 2017: 103.89
Q1 2017: 104.28
Q4 2016: 104.12
Q3 2016: 102.77

Average = (103.89 + 104.28 + 104.12 + 102.77) / 4 = 104.015
Therefore, the answer is B) 104.12 (rounded to two decimal places).