The table below shows the closing monthly stock prices for IBM and Amazon. Calcu

Question

The table below shows the closing monthly stock prices for IBM and Amazon. Calculate the exponential three-month moving average for both stocks where two-thirds of the average weight is placed on the most recent price. (Do not round intermediate calculations Round your answers to 2 decimal places.) January February March April May une July August September October November December AMZN 175.64 614.86 624.20 572.66 548.10 508.22 494.38 606.69 536.46 512.44 602.74 590.69 656.90 177.29 192.73 209.11 191.89 209.09 235.82 202.93 221.03 214.71 196.79 175.90

Explanation / Answer

IBM 3 MONTH MOVING AVERAGE AMZN 3 MONTH MOVING AVERAGE JAN     175.64     614.86 FEB     177.29     624.20 MAR     192.73                                      187.31*     572.66                                                   588.28 APR     209.11                                      201.08     548.10                                                   564.88 MAY     191.89                                      194.90     508.22                                                   525.61 JUN     209.09                                      206.23     494.38                                                   505.64 JUL     235.82                                      224.04     606.69                                                   571.56 AUG     202.93                                      209.44     536.46                                                   541.15 SEP     221.03                                      220.48     512.44                                                   532.15 OCT     214.71                                      213.80     602.74                                                   576.64 NOV     196.79                                      203.82     590.69                                                   579.66 DEC     175.90                                      185.85     656.90                                                   636.84 FORMULA CURRENT MONTH*2/3 + PREVIOUS MONTH*1/6 + PRECEDING PREVIOUS YEAR *1/6 *MARCH 192.73 *2/3 + 177.29*1/6 + 175.64*1/6                                      187.31

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