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Compute a three-year moving average

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Reference no: EM132664355

Shipments (in tons) of welded tube by an aluminum producer are shown below:

Year          1         2        3           4          5         6          7           8          9          10          11

Tons         2       3       6       10        8        7       12       14       14        18        19

Required: -

Problem (a) Graph the data, and comment on the relationship.

Problem (b) Compute a 3-year moving average, plot it as a dotted line, and use it to forecast shipments in year 12.

Problem (c) Using a weight of 3 for the most recent data, 2 for the next, and 1 for the oldest, forecast shipments in year 12.

Reference no: EM132664355

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