Using the stock prices in Problem 3, calculate the exponential three-month moving average for Penn and Teller. Place 50 percent of the average weight on the most recent price. How does this exponential moving average compare to your result from Problem 4?

Problem 4

Using the stock prices in Problem 3, calculate the exponential three-month moving average for both stocks where two-thirds of the average weight is placed on the most recent price.

Problem 3

The table below shows the closing monthly stock prices for Penn Co. and Teller, Inc. Calculate the simple three-month moving average for each month for both companies.

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Penn $169.64 173.29 180.13 195.81 196.69 204.49 222.52 215.23 216.23 213.51 192.29 173.10 Teller $600.36 613.40 586.76 544.10 529.02 506.38 603.69 540.96 515.04 592.64 599.39 645.90