Daily Spot Exchange Rate, U.s. Dollars per Pound Sterling Date Rate Date Rate Date Rate 1-Apr-04 1.8664 13-Apr-04 1.8260 1.7674 23-Apr-84 26-Apr-04 27-Apr-84 28-Apr-04 29-Apr-84 38-Apr-04 3-May-84 4-May-04 21-May-84 24-May-84 25- May-04 26-May-04 27-May-04 28-May-04 2-Apr-e4 5-Apr-04 1.8393 14-Apr-84 1.77e2 1.7857 1.8140 15-Apr-04 1.7785 1.7925 6-Apr-84 1.8474 16-Apr-04 1.8104 1.7720 1.7856 7-Apr-84 8-Apr-84 9-Apr-04 12-Apr-04 5-May-84 6-May-04 7-May-84 10-May-04 11-May-84 12-May-84 1.8410 19-Apr-04 1.8ess 1.8425 20-Apr-84 1.7916 1.7844 1.8322 21-Apr-04 1.7620 1.7720 1.8458 22-Apr-04 1.7684 1.7607 13-May-04 14-May-04 17-May-04 18-May-04 19-Мay-84 20-May-84 1.7732 1.7554 1.788e 1.7841 1.7592 1.7908 1.7942 1.7595 1.8635 1.7823 1.7795 1.8342 1.7644 1.7827 1.8769 1.7743 1.7610 1.8530 Click here for the Excel Data File (a) Make a line chart and fit an m-perlod 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. (Round your answers to 4 decimal places.) Next period forecast m-period (b) Which value of m do you prefer? The preferred m value is (Click to select) ♥. This value of mUsing this allows one to forecast the weekly or monthly trends [Click to select)* dally fluctuations. Joverreacting to (c) Is a moving average appropriate for this kind of data? LIGlick to select) a moving average is rClick to select) Y

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.