2024-05-06 Azerbaijanian Manat News
2024-05-05
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend of the Exchange Rates
After a careful review of the data set provided, we can observe that the exchange rates, although displaying minor fluctuations over time, particularly between 0.79396 and 0.84559, exhibit a tendency to increase over the observed period. This observation means that there is a general upward trend in the data. This is supported by the increase from the starting rate of 0.79785 to the last recorded rate of 0.80637.
2. Seasonality or Recurring Patterns
In investigating the recurring patterns in the currency exchange rates over time, it is evident that there isn't an easily identifiable pattern in the data. The exchange rate seems to fluctuate quite randomly, not demonstrating any distinct or consistent cyclical changes that would indicate seasonality. However, it would be beneficial to cross-verify using different statistical testing methods or even getting more data history for a more thorough seasonal analysis.
3. Identification of Outliers
When looking for outliers in the dataset, the value of 0.84559 stands out, as it deviates greatly from the other recorded rates that are mainly in the 0.79 to 0.81 range. This provides us an indication that this particular point might be an outlier. It is crucial to investigate these kinds of outliers as they may pose a significant impact on the analysis and might be symptoms of recording errors, dramatic market events or fluctuations. However, please note that proper statistical methods should be applied to definitely identify the presence and the significance of the outliers.