The city golf course is interested in starting a junior golf program.The golf pro has collected data on the number of youths under 13 that have played golf during the last 4 months.Using a three-month moving average (with weights of 5,3,and 1 for the most current value,next most current value and oldest value,respectively),the forecast value for October made at the end of September in the following time series would be __________.
A)24
B)21
C)21.56
D)19.22
E)22

Question

The city golf course is interested in starting a junior golf program.The golf pro has collected data on the number of youths under 13 that have played golf during the last 4 months.Using a three-month moving average (with weights of 5,3,and 1 for the most current value,next most current value and oldest value,respectively),the forecast value for October made at the end of September in the following time series would be __________. 
A)24 
B)21 
C)21.56 
D)19.22 
E)22

Quizplus · Accepted Answer

The three-month moving average with the given weights is:

October = (5*18 + 3*24 + 1*20)/9 = 21.56

Therefore, the forecast value for October made at the end of September would be 21.56. The closest answer choice is C (21.56).

The City Golf Course Is Interested in Starting a Junior