2024-05-13 Seychelles Rupee News
2024-05-12
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
Analysis of Time Series Exchange Rate Data
The dataset provided contains timestamped values for exchange rates over an unspecified period. The analysis will cover the general trend of the exchange rates, the presence of any patterns or seasonality, and any notable outliers.
1. General Trend of the Exchange Rates
This dataset displays some fluctuations in the exchange rates over the period provided. However, without any quantitative analysis or plotting of the data, it would not be accurate to conclusively report on the general trend. Generally, a time series plot, using the timestamps as the x-axis and the exchange rates as the y-axis, is used to visualize and examine trends clearly.
2. Seasonality or Recurring Patterns
Exchange rates tend to experience regular fluctuations in line with changes in demand and supply. However, from the provided data, it is difficult to definitively establish any seasonality or recurring pattern as the data does not seem to contain a large enough period to observe such a trend. A more detailed quantitative analysis, potentially including time series decomposition methods, would be needed to pinpoint any seasonality or recurring patterns.
3. Identification of Outliers
Due to the unstructured nature of the given data, spotting specific outliers manually would be challenging. Generally, outliers in a financial time series are periods when the exchange rate drastically differs from the expected based on past data. Advanced statistical techniques are typically employed to accurately identify these instances.
In conclusion, the dataset provided does show changes in exchange rates over time that could be indicative of trends, seasonality, and outliers. However, a more detailed and systematic approach would be required to confirm these observations. It should also be noted that while this analysis is based solely on the available data, the exchange rate is also affected by a wide range of external economic factors.
