Time series components are the following the trend

This preview shows page 4 - 5 out of 5 pages.

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.
Image of page 4

Subscribe to view the full document.

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
Image of page 5
You've reached the end of this preview.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern