A Concert Promoter Is Forecasting This Year's Attendance for One

question 153

Multiple Choice

A concert promoter is forecasting this year's attendance for one of his concerts based on the following historical data: $$\begin{array} { l l } \text { Year } & \text { Attendance } \\\hline \text { Four years ago } & 10,000 \\\text { Three years ago } & 12,000 \\\text { Two years ago } & 18,000 \\\text { Last Year } & 20,000\end{array}$$ What is this year's forecast using a two-year weighted moving average with weights of .7 and .3?

• A) 19,400
• B) 18,600
• C) 19,000
• D) 11,400
• E) 10,600

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