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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