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 Summary
Shows the steps needed to calculate the moving average for three and five months.
Solution Preview
This calls for a simple moving average calculation. Mx = (M1 + M2 + M3...)/n
a. What is the 3-month moving ...
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