2024-05-16 Lari News
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2024-05-15
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend
From the data provided, we can make several observations about the trend of the exchange rates. The exchange rate at the beginning of the dataset was 0.51106, while by the end of the dataset, the rate has decreased to 0.49211. This means that there is an overall downward trend in the exchange rates provided in the dataset. However, the rate of decrease is not consistent, with several periods of stability, increase, and decrease observed throughout the dataset.
Recurring Patterns and Seasonality
At first glance, no clear recurring patterns or seasonality can be observed from the dataset. However, some periods appear to have repeated minor fluctuations in the exchange rates. It would require further detailed analysis with the help of time series decomposition analysis to extract subtle seasonality or recurring patterns
Noting Any Outliers
There appears to be a significant drop in the exchange rates around the time stamp of 2024-05-15 14:40:03 where the rate went down to 0.48159 from 0.50951. This sudden drop might be classified as an outlier given the general stability of the exchange rates before and after this point. Nonetheless, considering the downward trend of the dataset, some other points could also be considered as potential outliers. A more sophisticated statistical analysis method like Z-score or IQR should be used for a robust outlier detection.
It's important to note that financial data such as exchange rates are influenced by a multitude of factors making them unpredictable and often resulting in seemingly random fluctuations.
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