The firm's market share over time estimated to be as shown in the table. Using the information, compute the three-period and the five-period moving average forecasts for the 7^th period.
$\begin{array} { | l | l | } \hline \text { Period } & \text { Firm's Market Share } \\\hline 1 & 30 \\\hline 2 & 29 \\\hline 3 & 24 \\\hline 4 & 26 \\\hline 5 & 26 \\\hline 6 & 29 \\\hline\end{array}$

Question

The firm's market share over time estimated to be as shown in the table. Using the information, compute the three-period and the five-period moving average forecasts for the 7^th period.

\begin{array} { | l | l | } \hline \text { Period } & \text { Firm's Market Share } \\\hline 1 & 30 \\\hline 2 & 29 \\\hline 3 & 24 \\\hline 4 & 26 \\\hline 5 & 26 \\\hline 6 & 29 \\\hline\end{array}

Quizplus · Accepted Answer

The Answer of The firm's market share over time estimated to be as shown in the table. Using the information, compute the three-period and the five-period moving average forecasts for the 7^th period. $$\begin{array} { | l | l | } \hline \text { Period } & \text { Firm's Market Share } \ \hline 1 & 30 \ \hline 2 & 29 \ \hline 3 & 24 \ \hline 4 & 26 \ \hline 5 & 26 \ \hline 6 & 29 \ \hline \end{array}$$

The Firm's Market Share Over Time Estimated to Be as Shown