The following are the values of a time series for the first four time periods:
$$\begin{array} { | c | c c c c | }
\hline t & 1 & 2 & 3 & 4 \
\hline y _ { t } & 24 & 25 & 26 & 27 \
\hline
\end{array}$$
Using a four-period moving average,the forecasted value for time period 5 is:
A) 24.5
B) 25.5
C) 26.5
D) 27.5

Question

The following are the values of a time series for the first four time periods:
$$\begin{array} { | c | c c c c | } 
\hline t & 1 & 2 & 3 & 4 \
\hline y _ { t } & 24 & 25 & 26 & 27 \
\hline
\end{array}$$
Using a four-period moving average,the forecasted value for time period 5 is:
A) 24.5
B) 25.5
C) 26.5
D) 27.5

Quizplus · Accepted Answer

The four-period moving average is calculated by taking the average of the four most recent values in the time series. In this case, the four most recent values are 24, 25, 26, and 27. The average of these four values is 25.5, so the forecasted value for time period 5 is 25.5.

The Following Are the Values of a Time Series for the First