In: Finance
The table below shows the closing monthly stock prices for IBM and Amazon. Calculate the simple three-month moving average for each month for both companies. (Input all amounts as positive values. Do not round intermediate calculations. Round your answers to 2 decimal places.)
IBM | AMZN | ||||||
January | $ | 172.04 | $ | 606.16 | |||
February | 174.89 | 617.72 | |||||
March | 185.17 | 581.12 | |||||
April | 201.13 | 545.70 | |||||
May | 194.77 | 520.70 | |||||
June | 206.33 | 501.58 | |||||
July | 227.84 | 604.89 | |||||
August | 210.31 | 539.16 | |||||
September | 218.15 | 514.00 | |||||
October | 213.99 | 596.68 | |||||
November | 194.09 | 595.91 | |||||
December | 174.22 | 650.30 | |||||
3
1. Month simple average of march IBM = (Jan Price + Feb price + march price) / 3
Month simple average of march IBM = (172.04 + 174.89 + 185.17) / 3 = $177.37
the same process follows for all the other months