Instruction 14-3
the Number of Cases of Merlot Wine Sold

question 187

Short Answer

Instruction 14-3
The number of cases of merlot wine sold by a Barossa Valley Winery in an eight-year period follows.
$\begin{array}{ll}\text { Year } &\text { Coses of }\\& \text { Wine } \\2003 & 270 \\2004 & 356 \\2005 & 398 \\2006 & 456 \\2007 & 358 \\2008 & 500 \\2009 & 410 \\2010 & 376\end{array}$


-Referring to Instruction 14-3,a centred three-year moving average is to be constructed for the wine sales.The result of this process will lead to a total of _______ moving averages.

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Definitions:

Stock Variable

A measure of something at a particular point in time, such as the amount of money you have with you right now.

Periodic Variable

A variable that changes at regular intervals over time, often used in the analysis of time series data.

Measured

Evaluated or quantified in terms of extent, dimensions, quantity, or capacity.

Flow Variable

A variable that is measured over a specific period of time, such as income or expenditure, which may change from one period to the next.