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Time Series & Trend · Question 30 of 68

Question 30

EasyOriginal question

A firm's profits, in lakh rupees, for five years are 20, 26, 23, 29 and 32. What is the first 3-year moving average?

Options for question 30

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. The first 3-year moving average uses 20,26,2320, 26, 23.

  2. 20+26+233=23\frac{20 + 26 + 23}{3} = 23.

Worth noting

26 is the middle value, not the average of the three.

Concept
A 3-year moving average
Typical time
60 s
Your time
—
The rule this testsTrend by moving averages
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