Consider the following data:Monthly Profit of an Auto Repair ShopMonthJan-14Feb-14Mar-14Apr-14May-14Jun-14Jul-14Aug-14Sep-14Profit ($)17,93117,93118,08118,08116,85516,85519,04619,04620,56320,56317,39017,39019,12319,12318,66618,66620,47020,470 Step 2 of 4: Determine the three-period weighted moving average for the next time period with weights of 33 (most recent), 22 (second latest time period), and 11 (oldest time period). If necessary, round your answer to one decimal place.

Answered: onsider the following data: Monthly…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

Consider the following data:

Monthly Profit of an Auto Repair Shop

Month	Jan-14	Feb-14	Mar-14	Apr-14	May-14	Jun-14	Jul-14	Aug-14	Sep-14
Profit ($)	17,93117,931	18,08118,081	16,85516,855	19,04619,046	20,56320,563	17,39017,390	19,12319,123	18,66618,666	20,47020,470

Step 2 of 4:

Determine the three-period weighted moving average for the next time period with weights of 33 (most recent), 22 (second latest time period), and 11 (oldest time period). If necessary, round your answer to one decimal place.

Expert Solution

Step 1

The objective is to 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).

Give data: