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Time Series & Trend · Question 32 of 68

Question 32

EasyOriginal question

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

Options for question 32

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. The last 3-year moving average uses 23,29,3223, 29, 32.

  2. 23+29+323=28\frac{23 + 29 + 32}{3} = 28.

Worth noting

26 is the average of all five years.

Concept
A 3-year moving average
Typical time
60 s
Your time
—
The rule this testsTrend by moving averages
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Ten questions from Time Series & Trend, at your own pace.

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