Using a Three-Month Moving Average (With Weights of 6,3,and 1

question 17

Multiple Choice

Using a three-month moving average (with weights of 6,3,and 1 for the most current value,next most current value and oldest value,respectively) ,the forecast value for November in the following time series is ____________.

• A) 11.60
• B) 10.00
• C) 9.67
• D) 8.06
• E) 8.60

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Definitions:

Straight Salary

A fixed amount of pay given to an employee, not dependent on the hours worked or performance.

Over Insure

The condition of having insurance coverage that exceeds the value of the insured item or risk, leading to unnecessary higher premium costs.

Deductible

A sum specified in an insurance policy that the insured individual must pay before being compensated for a claim; deductibles reduce moral hazard.

Premium

The amount paid for an insurance policy, or the difference between the higher price paid for a fixed-income security above its face value.