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Moving Average for Hotel Check-ins

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Given the following data on hotel check-ins for a 6-month period:

Month Number of rooms
July 70
August 105
September 90
October 120
November 110
December 115

a. What is the 3-month moving average for January?

b. What is the 5-month moving average for January?

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Solution Preview

This calls for a simple moving average calculation. Mx = (M1 + M2 + M3...)/n

a. What is the 3-month moving ...

Solution Summary

Shows the steps needed to calculate the moving average for three and five months.