BIAM400_Week7_Checkpoint.docx

Time series components are the following the trend

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own previous values, which typically occurs with time series variables. Time series components are the following: the trend (long term direction), the seasonal (systematic, calendar related movements) and the irregular (unsystematic, short term fluctuations). Moving averages method is a widely used indicator in technical analysis that helps smooth out price action by filtering out the bad data from random price fluctuations. It is a trend following indicator because it is based on past prices. Exponential smoothing method is a method that is suitable for forecasting data with no clear trend or seasonal pattern.
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BIAM400 WEEK 7 Reference Chen, J. (Aug, 2018). Moving average. Investopedia. Retrieved from Time series analysis: the basics. (n.d.). Australian bureau of statistics. Retrieved from : +The+Basics What is a regression model? (n.d.). My accounting course. Retrieved from Winston, W. L., & Albright, S. C. (2016). Practical management science . Boston, MA: Cengage. doi:2014939639
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