Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I cannot figure out how to come up with the answer. Can someone explain this to me? Listed below is the number of movie tickets

I cannot figure out how to come up with the answer. Can someone explain this to me?

Listed below is the number of movie tickets sold at the Library Cinema-Complex, in thousands, for the period from 2001 to 2013. Compute a five-year weighted moving average using weights of 0.2, 0.15, 0.2, 0.14, and 0.31, respectively. Describe the trend in yield.(Round your answers to 3 decimal places.)

2001 8.41
2002 8.34
2003 7.27
2004 6.69
2005 7.27
2006 6.68
2007 6.91
2008 6.81
2009 5.28
2010 5.67
2011 5.74
2012 5.39
2013 5.53

The weighted moving averages are:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Engineering Mathematics

Authors: ERWIN KREYSZIG

9th Edition

0471488852, 978-0471488859

More Books

Students also viewed these Mathematics questions

Question

What is the principle of thermodynamics? Explain with examples

Answered: 1 week ago

Question

Explain the strength of acid and alkali solutions with examples

Answered: 1 week ago