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The By Beginners? Jobs--Job posting If You Don't B.. .Story I Verily Smart Financi... Apply online Twitter Capricorn an...Answers.com Tax Info 1 JIf Theil's U Is Less Than 1 For Some Forecastin... Chegg.com Take Test: ECON 4365 Online Assign The Texas Department of Transportation (TXDOT) keeps records on the number of new driver's license applications on a weekly basis. Data for April and May of last year are given below t Month Week 1 April Application 238 199 215 212 207 211 196 206 5 May 9 June Using a five-week moving average, what is the forecast for the first week in June? 267.75 198.45 206.40 202.83 200.20 Save a Save All Answers Click Save and Submit to save and submit. Click Save All Answers to save all answers

Explanation / Answer

Ans. This is an interesting question . Let's start answering :

In this question we have to find the Forecast for the First Week in June using the Five Week Moving Average.

Now , It is clearly given that Five Week Moving Average is used. So to find the Forecast of 9th Period ( See t = 9 in the Table ) , We have to calculate the Average of Preceeding 5 Weeks .

So Let's find the Average

= (206 +196+211+207+212) ÷ 5 = 206.40

Hence the forecast for First Week in June is 206.40

I hope you understood the answer. Do ask in case of doubts.

A Thumsup would be Highly Appreciated !!

Best of Luck !! Keep Chegging !!

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