Exhibit 18

question 65

Multiple Choice

Exhibit 18.2.The following table includes the information about a monthly time series. Refer to Exhibit 18.2.When a forecast is made by the three-month moving average method,all three monthly observations used to make this forecast are treated equally in the sense that each of them has the same weight of 1/3.What is the forecast for May when the three-month weighted moving average method is applied with the weights: 1/6,2/6,and 3/6? Assign the smallest weight to the oldest data and the largest weight to the most recent data.

• A)19.00
• B)24.00
• C)18.67
• D)21.17

---

Definitions:

Closed-End Funds

Investment funds with a fixed number of shares that are traded on stock exchanges, unlike mutual funds.

Unit Investment Trusts

A type of investment fund offering a fixed portfolio of securities for a specific period, known for its relatively low management expenses.

Portfolio

A collection of investments held by an individual or institutional investor.

Common Stocks

Shares of ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.