Consider the following data: Monthly Profit of an Auto Repair Shop Mar-14 Apr-14 May-14 Jun-14 Jan-14 Feb-14 Jul-14 Aug-14 Sep-14 Profit ($) 15,608 15,758 14.555 16,612 18,263 17,160 19,147 18,413 20,194 Answer Month Step 2 of 4: Determine the three-period weighted moving average for the next time period with weights of 3 (most recent), 2 (second latest time period), and 1 (oldest time period). If necessary, round your answer to one decimal place. Tables Kaynad

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**Monthly Profit of an Auto Repair Shop**

- **Months and Profits:**

  | Month   | Profit ($) |
  |---------|------------|
  | Jan-14  | 15,608     |
  | Feb-14  | 15,758     |
  | Mar-14  | 14,555     |
  | Apr-14  | 16,612     |
  | May-14  | 18,263     |
  | Jun-14  | 17,160     |
  | Jul-14  | 19,147     |
  | Aug-14  | 18,413     |
  | Sep-14  | 20,194     |

**Instruction:**

**Step 2 of 4:** Determine the three-period weighted moving average for the next time period with weights of 3 (most recent), 2 (second latest time period), and 1 (oldest time period). If necessary, round your answer to one decimal place.

**Answer:**

*(Calculate the weighted moving average based on given instructions and input the answer here.)*
Transcribed Image Text:**Monthly Profit of an Auto Repair Shop** - **Months and Profits:** | Month | Profit ($) | |---------|------------| | Jan-14 | 15,608 | | Feb-14 | 15,758 | | Mar-14 | 14,555 | | Apr-14 | 16,612 | | May-14 | 18,263 | | Jun-14 | 17,160 | | Jul-14 | 19,147 | | Aug-14 | 18,413 | | Sep-14 | 20,194 | **Instruction:** **Step 2 of 4:** Determine the three-period weighted moving average for the next time period with weights of 3 (most recent), 2 (second latest time period), and 1 (oldest time period). If necessary, round your answer to one decimal place. **Answer:** *(Calculate the weighted moving average based on given instructions and input the answer here.)*
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