Quantitative Methods: A Four Period Moving Average
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Use a four period moving average to forecast attendance at baseball games. Historical records show the attendance at ten consecutive baseball games as 5346, 7812, 6513, 5783, 5982, 6519, 6283, 5577, 6712, 7345.
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Solution Summary
A four period moving average is evaluated.
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Hello!
I'm assuming here that the attendance data you provided is in chronological order.
Forecasting using an N period moving average is very easy. The formula is:
Attendance(t+1) = Attendance(t) + ...
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