Use the gas prices data set below to calculate a 3-month Weighted Moving Average (WMA) forecast for the average gas prices and predict the average retail gasoline price for February 2015. Use the weights of 0.6, 0.3, and 0.1 for the 3-month WMA, where the first weight is used for the most recent month and the last weight is used for the least recent month. Round your answer to two decimal places, if necessary. Month-Year Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Average Gas Price $3.766 $3.688 $3.565 $3.484 $3.255 $2.997 $2.632 $2.208

Use the gas prices data set below to calculate a 3-month Weighted Moving Average (WMA) forecast for the average gas prices and predict the average retail gasoline price for February 2015. Use the weights of 0.6, 0.3, and 0.1 for the 3-month WMA, where the first weight is used for the most recent month and the last weight is used for the least recent month. Round your answer to two decimal places, if necessary. Month-Year Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Average Gas Price $3.766 $3.688 $3.565 $3.484 $3.255 $2.997 $2.632 $2.208

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter5: A Survey Of Other Common Functions

Section5.3: Modeling Data With Power Functions

Problem 2TU

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