Use the gas prices data set below to calculate a 3-month Weighted Moving Average (WMA) forecast for the average gas prices and predict the average retail gasoline price for February 2015. Use the weights of 0.6, 0.3, and 0.1 for the 3-month WMA, where the first weight is used for the most recent month and the last weight is used for the least recent month. Round your answer to two decimal places, if necessary. Month-Year Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Average Gas Price $3.766 $3.688 $3.565 $3.484 $3.255 $2.997 $2.632 $2.208

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Use the gas prices data set below to calculate a 3-month Weighted Moving Average (WMA) forecast for the average gas prices and predict the average retail gasoline
price for February 2015. Use the weights of 0.6, 0.3, and 0.1 for the 3-month WMA, where the first weight is used for the most recent month and the last weight is
used for the least recent month. Round your answer to two decimal places, if necessary.
Month-Year
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Average Gas Price
$3.766
$3.688
$3.565
$3.484
$3.255
$2.997
$2.632
$2.208
Copy Data
Transcribed Image Text:Use the gas prices data set below to calculate a 3-month Weighted Moving Average (WMA) forecast for the average gas prices and predict the average retail gasoline price for February 2015. Use the weights of 0.6, 0.3, and 0.1 for the 3-month WMA, where the first weight is used for the most recent month and the last weight is used for the least recent month. Round your answer to two decimal places, if necessary. Month-Year Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Average Gas Price $3.766 $3.688 $3.565 $3.484 $3.255 $2.997 $2.632 $2.208 Copy Data
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