2024-04-26 Balboa News
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis
An overall trend analysis of the provided dataset shows a cycle of increases and decreases of the PAB exchange rates over time. To have a proper understanding of the exact trend, more in-depth statistical analysis may be required, such as detrending the data and doing a time series decomposition.
Trends
In the data provided, the observed trend shows an initial rise in the exchange rate, followed by a fall in the middle hours, and then another rise later. There seems to be a daily trend here, with the exchange rates peaking in the early hours, dipping in the middle and then rising again later.
Seasonality
In the given exchange rate data, the pattern of rises and falls in exchange rates suggests that there may be some form of seasonality. Seasonality refers to predictable and periodic fluctuations in a time-series data, which usually occurs over short-term time periods, such as hours, weeks or months. These may be due to market opening and closing hours, weekends and holidays, among other things. However, in line with your instructions, these factors have not been considered in this analysis.
Outliers
Looking at the data points, there appear to be a few instances where there are steep declines or rises in the exchange rate. These could be considered outliers. However, whether these would technically be classified as outliers would depend on detailed statistical analysis. These could potentially be indicative of sudden changes in the market demand and supply or major macroeconomic news.
As per the instruction given, no forecasting has been done for the future rates or any consideration given to external factors that might have impacted these exchange rates. Also, please note that further statistical analysis would be required for a concrete conclusion on the trends, seasonality and outliers in the data.
I hope this analysis provides some preliminary insights into patterns and behaviours of the exchange rates during this time period. Do bear in mind that exchange rates are influenced by numerous factors and a more thorough analysis may be necessary to fully understand the dynamics at play.
