Suppose that the previous forecast was 2090 and the actual value of the variable of interest for the period was 1985 and the oldest value of interest was 1955. Using the moving average technique based upon the most recent four observations find new forecast for the next period.
To use the moving average technique to forecast the next period, we'll calculate the average of the most recent four observations, which are 2090, 1985, the value before that, and the one before that. Then, we'll use this average _____ _____ ____ ___ ____ ____ ___ _____ ______ _____ __________ __________.
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