Construct three-period and four-period centered moving averages for the quarterly J. C. Penney sales in Exercise 18.67.
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Construct three-period and four-period centered moving averages for the quarterly J. C. Penney sales in Exercise 18.67. Are there any other retailing companies for whom a four-period moving average might have such a great effect on smoothing quarterly sales data? If so, give a real or hypothetical example of such a company.
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