2024-04-22 Trinidad and Tobago Dollar News
2024-04-21
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
Understanding the Overall Trend of the Exchange Rates
Upon visual inspection of the data, it appears that the TTD exchange rate fluctuates within a fairly narrow range within the period covered by the data set while maintaining a generally stable trend. However, some minor increases and decreases are noticeable. It is important to note that the rate rarely exceeds the threshold of 0.205 or falls below 0.198. Therefore, it can be postulated that the currency was fairly stable within this period.
Identifying Any Seasonality or Recurring Patterns
From the provided time series data, it's difficult to explicitly identify any seasonal trends or recurring patterns without further statistical or graphical analysis. Time series data often exhibit patterns over longer periods, such as month-to-month or year-to-year trends, which the provided data does not seem to span enough for these types of patterns to emerge. Therefore, to ascertain any seasonality or recurring patterns, a more detailed analysis would be necessary.
Noting Any Outliers
Outliers in time series data are unusual values that do not seem to fit the overall pattern. Without additional visual or statistical analysis, it's challenging to identify concrete outliers in the provided data set based on the numerical data alone. No conspicuous jumps in exchange rates that would indicate sharp increases or decreases can be identified at first glance. However, more sophisticated statistical techniques would be needed for a definitive identification of outliers.
Overall, this preliminary analysis suggests a generally stable TTD exchange rate within the given time frame. Thus, it provides a suitable basis for further, more detailed analysis to gain a deeper understanding of the underlying patterns and trends in the data.
