Listed below is the number of movie tickets sold at the Library Cinema-Complex,

Question

Listed below is the number of movie tickets sold at the Library Cinema-Complex, in thousands, for the period from 2001 to 2013. Compute a five-year weighted moving average using weights of 0.2, 0.15, 0.2, 0.17, and 0.28, respectively. Describe the trend in yield. (Round your answers to 3 decimal places.)

2001 8.71

2002 8.04

2003 7.27

2004 6.59

2005 7.27

2006 6.68

2007 6.71

2008 6.61

2009 5.38

2010 5.67

2011 5.84

2012 5.39

2013 5.23

The weighted moving averages are:

There is a regular (increase/decrease) of approximately 0.3 per year.

Explanation / Answer

The trend in the given data is in the downward direction,i.e number of ticket sold is decreasing by approximately 0.3 per year.

Year No. of movie ticket sold (in thousands) Five year Moving Average 2001 8.71 2002 8.04 2003 7.27 7.558 2004 6.59 7.123 2005 7.27 6.911 2006 6.68 6.736 2007 6.71 6.484 2008 6.61 6.201 2009 5.58 6.049 2010 5.67 5.795 2011 5.84 5.515 2012 5.39 2013 5.23

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