Calculate Three Yearly moving averages for the following data
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217, 229, 233, 218 217, 235, 229, 233 235, 229, 233, 218 235, 229, 233, 218 |
217, 235, 229, 233 |
The correct answer is Option (2) → 217, 235, 229, 233 ** Given Production Data (in '000 tonnes): 2016: 200 2017: 220 2018: 231 2019: 254 2020: 202 2021: 243 Compute 3-year moving averages: First MA (2016–2018): $\frac{200 + 220 + 231}{3} = \frac{651}{3} = 217$ Second MA (2017–2019): $\frac{220 + 231 + 254}{3} = \frac{705}{3} = 235$ Third MA (2018–2020): $\frac{231 + 254 + 202}{3} = \frac{687}{3} = 229$ Fourth MA (2019–2021): $\frac{254 + 202 + 243}{3} = \frac{699}{3} = 233$ Final 3-year moving averages: $217,\ 235,\ 229,\ 233$ |