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 0.15, 0.15, 0.2, 0.16, and 0.34, respectively. Describe the trend in yield. (Round your answers to 3 decimal places.) 2001 8.51 2002 8.14 2003 7.97 2004 6.69 2005 7.37 2006 6.88 2007 6.51 2008 6.81 2009 5.78 2010 5.97 2011 5.84 2012 5.59 2013 5.43 The weighted moving averages are: There is a regular of approximately 0.2 per year.

Explanation / Answer

here they have not given how to use weights. traditionally we assign highest weight to latest actual values. From this

for five-year weighted moving average =0.34*At-1+0.16*At-2+0.2*At-3+0.15*At-4+0.15*At-5

hence from above:

(Note :please revert if weight assignment order is given)

Year actual(A) Forecast(F) 2001 8.51 2002 8.14 2003 7.97 2004 6.69 2005 7.37 2006 6.88 7.668 2007 6.51 7.273 2008 6.81 6.987 2009 5.78 6.842 2010 5.97 6.494 2011 5.84 6.325 2012 5.59 6.095 2013 5.43 5.918 5.671

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