12 Calculate the value of the missing moving average located at A. Round off to two decimals. OA. 57.56 B. 46.5 56.55 OC. 34.56 OD. 56.03

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The prices of earphones (in rands) at a music shop are shown in the table below for each month in 2006. It is generally accepted that the same price pattern repeats itself three times per annum and this principal may also be applied here. Consider this partially
completed tables:
Period
1
2
3
4
5
6
7
8
9
10
11
12
Prices (y)
OB. 46.5
OC. 34.56
OD. 56.03
54.50
54.75
55.20
56.30
56.25
56.10
55.90
56.10
56.80
56.95
56.80
56.55
3-period
Moving average
54.82
55.33
93.08
56.22
56.08
A
56.27
56.62
56.85
56.77
Seasonal index
99.87
99.6
100.68
100.05
100.04
B
100.18
Calculate the value of the missing moving average located at A. Round off to two decimals.
OA. 57.56
Transcribed Image Text:The prices of earphones (in rands) at a music shop are shown in the table below for each month in 2006. It is generally accepted that the same price pattern repeats itself three times per annum and this principal may also be applied here. Consider this partially completed tables: Period 1 2 3 4 5 6 7 8 9 10 11 12 Prices (y) OB. 46.5 OC. 34.56 OD. 56.03 54.50 54.75 55.20 56.30 56.25 56.10 55.90 56.10 56.80 56.95 56.80 56.55 3-period Moving average 54.82 55.33 93.08 56.22 56.08 A 56.27 56.62 56.85 56.77 Seasonal index 99.87 99.6 100.68 100.05 100.04 B 100.18 Calculate the value of the missing moving average located at A. Round off to two decimals. OA. 57.56
Expert Solution
Step 1

The 3-period moving average can be calculated by taking the mean of 3 observations, starting from first three, then second three and so on.

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