Consider the following data: Monthly Profit of a Gym Month Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Profit ($) 5,5005,500 5,2535,253 4,9144,914 4,5574,557 5,1255,125 5,4785,478 6,1196,119 6,1306,130 5,8705,870 Step 1 of 5: Determine the three-period moving average for the next time period. If necessary, round your answer to one decimal place.
Consider the following data: Monthly Profit of a Gym Month Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Profit ($) 5,5005,500 5,2535,253 4,9144,914 4,5574,557 5,1255,125 5,4785,478 6,1196,119 6,1306,130 5,8705,870 Step 1 of 5: Determine the three-period moving average for the next time period. If necessary, round your answer to one decimal place.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Consider the following data:
Monthly Profit of a Gym
Monthly Profit of a Gym
| Month | Jan-12 | Feb-12 | Mar-12 | Apr-12 | May-12 | Jun-12 | Jul-12 | Aug-12 | Sep-12 |
|---|---|---|---|---|---|---|---|---|---|
| Profit ($) | 5,5005,500 | 5,2535,253 | 4,9144,914 | 4,5574,557 | 5,1255,125 | 5,4785,478 | 6,1196,119 | 6,1306,130 | 5,8705,870 |
Step 1 of 5:
Determine the three-period moving average for the next time period. If necessary, round your answer to one decimal place.
Expert Solution
Step 1
Moving average
A stock indicator used in technical analysis that helps in calculating the moving average of a stock is called a moving average. It helps to identify trends in stock price changes. An uptrend indicates an increase in price, and a downtrend indicates a decrease in price.
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