Question: Use the gas prices data set below to calculate a 3 - month Weighted Moving Average ( WMA ) forecast for the average gas prices

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 September 2007. 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 Average Gas Price
Jan-07 $2.289
Feb-07 $2.323
Mar-07 $2.609
Apr-07 $2.891
May-07 $3.187
Jun-07 $3.102
Jul-07 $3.011
Aug-07 $2.834

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