In: Finance
The table below shows the closing monthly stock prices for IBM and Amazon. Calculate the exponential three-month moving average for both stocks where two-thirds of the average weight is placed on the most recent price. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
| IBM | AMZN | ||||||
| January | $ | 177.44 | $ | 619.21 | |||
| February | 178.49 | 627.44 | |||||
| March | 196.51 | 568.43 | |||||
| April | 213.10 | 549.30 | |||||
| May | 190.45 | 501.98 | |||||
| June | 210.47 | 490.78 | |||||
| July | 239.81 | 607.59 | |||||
| August | 199.24 | 535.11 | |||||
| September | 222.47 | 511.66 | |||||
| October | 215.07 | 605.77 | |||||
| November | 198.14 | 588.08 | |||||
| December | 176.74 | 660.20 | |||||