Daily Spot Exchange Rate, U.S. Dollars per Pound Sterling Date Rate Date Rate Date Rate 1-Apr-04 1.8584 13-Apr-04 1.8260 23-Apr-04 1.7874 2-Apr-04 1.8363 14-Apr-04 1.7752 26-Apr-04 1.7857 5-Apr-04 1.8140 15-Apr-04 1.7785 27-Apr-04 1.7925 6-Apr-04 1.8474 16-Apr-04 1.8104 28-Apr-04 1.7720 7-Apr-04 1.8410 19-Apr-04 1.8155 29-Apr-04 1.7656 8-Apr-04 1.8525 20-Apr-04 1.7816 30-Apr-04 1.7744 9-Apr-04 1.8422 21-Apr-04 1.7620 3-May-04 1.7720 12-Apr-04 1.8558 22-Apr-04 1.7784 4-May-04 1.7507 5-May-04 1.7732 13-May-04 1.7554 21-May-04 1.7880 6-May-04 1.7641 14-May-04 1.7692 24-May-04 1.7808 7-May-04 1.7942 17-May-04 1.7595 25-May-04 1.8535 10-May-04 1.7693 18-May-04 1.7695 26-May-04 1.8342 11-May-04 1.7644 19-May-04 1.7727 27-May-04 1.8869 12-May-04 1.7743 20-May-04 1.7610 28-May-04 1.8730 Make a line chart and fit an m-period moving average to the exchange rate data shown above with m = 2, 3, 4, and 5 periods. For each method, state the last MA value. m-period Next Period Forecast 2 3 4 5

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter13: Sequences And Series

Section13.4: Mathematics Of Finance

Problem 2E

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Daily Spot Exchange Rate, U.S. Dollars per Pound Sterling
Date	Rate		Date	Rate	Date		Rate
1-Apr-04		1.8584		13-Apr-04		1.8260		23-Apr-04	1.7874
2-Apr-04		1.8363		14-Apr-04		1.7752		26-Apr-04	1.7857
5-Apr-04		1.8140		15-Apr-04		1.7785		27-Apr-04	1.7925
6-Apr-04		1.8474		16-Apr-04		1.8104		28-Apr-04	1.7720
7-Apr-04		1.8410		19-Apr-04		1.8155		29-Apr-04	1.7656
8-Apr-04		1.8525		20-Apr-04		1.7816		30-Apr-04	1.7744
9-Apr-04		1.8422		21-Apr-04		1.7620		3-May-04	1.7720
12-Apr-04		1.8558		22-Apr-04		1.7784		4-May-04	1.7507
5-May-04		1.7732		13-May-04		1.7554		21-May-04	1.7880
6-May-04		1.7641		14-May-04		1.7692		24-May-04	1.7808
7-May-04		1.7942		17-May-04		1.7595		25-May-04	1.8535
10-May-04		1.7693		18-May-04		1.7695		26-May-04	1.8342
11-May-04		1.7644		19-May-04		1.7727		27-May-04	1.8869
12-May-04		1.7743		20-May-04		1.7610		28-May-04	1.8730

Make a line chart and fit an m-period moving average to the exchange rate data shown above with m = 2, 3, 4, and 5 periods. For each method, state the last MA value.

m-period Next Period Forecast

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