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Mixed Questions

Question 1: Draw the following time series graph for sales for a tuck shop
2001 2002 2003
Jan -> June 120 132 146
July -> December 140 151 x

a) Why is a two-point moving average appropriate
b) Find all the possible moving averages and plot these on your graph
c) Use this to estimate the missing data value

Question 2: The following represents the sales of a shop selling video recorders
Jan -> Apr May -> Aug Sep -> Dec
2004 302 200 350
2005 250 180 299

a) Draw the time series graph for this graph. Include 2006 on your x-axis
b) Explain what the graph appears to be telling us and give a possible reason for this
c) Why is a three point moving average appropriate
d) Work out the moving averages and plot these on the graph along with an appropriate line of best fit
e) Use this to work out an estimated sales value fot The final third of 2006