When using a 3 week weighted moving average forcasting metho

When using a 3 week weighted moving average forcasting method, if the weight of the most recent period is 0.60

and the weight of the oldest period is half the weight of the most recent period, than what is the weight of the

middle period?

Solution

most recent period = 0.60

oldest = 0.30

middle = 0.60+0.30/2 = 0.45

weight of the middle period = 0.45