EconHM25 - Q uestion #1 F luctuations that occur fairly...

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Question #1 Fluctuations that occur fairly regularly within each year would be contained in the seasonal component of time series. The unpredictable or unsystematic component of a time series would be contained in the random component of time series. The traditional long-term, often irregular variation which is present in many economic and financial data series is best described by which component of time series analyis: cyclical . Question #2 The number of cases of merlot wine sold by a Paso Robles winery in an eight-year period follows. Year Cases of wine 1991 270 1992 356 1993 398 1994 456 1995 358 1996 500 1997 410 1998 376
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A 3-year moving average is to be constructed for wine sales. The moving average that is associated with 1995 (recorded in the same row as 1995) is 438 . Question #3 This corresponds to the example on page 109 (slide 10) of your course packet. To forecast future gasoline sales, the last four years quarterly sales were recorded. They are listed in this data file . Calculate the 3-quarter and the 5-quarter moving averages for the sales.
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EconHM25 - Q uestion #1 F luctuations that occur fairly...

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