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, 0.1, 0.2, 0.19, and 0.31, respectively. Describe the trend in yield. (Round your answers to 3 decimal places.)

  There is a regular (Click to select)increasedecrease of approximately 0.2 per year.

  2001 8.61   2002 8.24   2003 7.77   2004 6.69   2005 7.27   2006 6.58   2007 6.71   2008 6.31   2009 5.58   2010 5.77   2011 5.84   2012 5.69   2013 5.53

Explanation / Answer

   There is a regular decrease of approximately 0.2 per year.

5 yr weighted moving average Year Actual forecast   2001 8.61   2002 8.24   2003 7.77   2004 6.69   2005 7.27   2006 6.58 7.91   2007 6.71 7.41   2008 6.31 7.13   2009 5.58 6.70   2010 5.77 6.59   2011 5.84 6.29   2012 5.69 6.14   2013 5.53 5.89 5.67

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