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 1998 to 2010. Compute a five-year weighted moving average using weights of 0.15, 0.2, 0.25, 0.15, and 0.25, respectively. Describe the trend in yield. (Round your answers to 3 decimal places.)

Listed below is the number of movie tickets sold at the Library Cinema-Complex, in thousands, for the period from 1998 to 2010. Compute a five-year weighted moving average using weights of 0.15, 0.2, 0.25, 0.15, and 0.25, respectively. Describe the trend in yield. (Round your answers to 3 decimal places.)

Explanation / Answer

Moving Averages are calculated using :

MA for n th value =

0.15 * (n-4) th value + 0.2 * (n-3) th value + 0.25 * (n-2) th value + 0.15 * (n-1) th value + 0.25 * (n) th value

The trend is decreasing over the years.

Moving Averages 1998.00 8.81   1999 8.24   2000 7.77   2001 6.69   2002 7.37 7.758   2003 6.58 7.213   2004 6.71 7.010   2005 6.71 6.806   2006 5.88 6.576   2007 5.97 6.381   2008 5.84 6.174   2009 5.49 5.924   2010 5.33 5.692

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