2024-04-18 US Dollar News
2024-04-17
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend of The Exchange Rates
From a preliminary scan of the dataset, the USD exchange rates show a degree of variance throughout the given period but there doesn't seem to be a clear and consistent increasing or decreasing trend. Rather, the rates seem to fluctuate within a range, suggesting a varying market. It would be constructive to calculate key statistics, such as the mean and the standard deviation, to further validate these initial impressions.
2. Seasonality and Recurring Patterns
Given the nature of the dataset, it's challenging to identify any seasonality or recurring patterns without performing a deeper time series analysis or decomposition. This would break down the data into trend, seasonal, and residual components. Depending on the findings, subsequent testing may be warranted to confirm or reject the existence of seasonality. However, from the provided data, any patterns are not immediately identifiable.
3. Outliers in The Data
Identification of outliers in the data would require statistical analysis, typically through determining if any data points fall significantly outside the interquartile range (IQR). Detecting outliers is crucial due to their potential to significantly skew the analysis or distort the real trend. However, a simple inspection of the data doesn't readily highlight any significant outliers in the exchange rates. That said, further statistical analyses would be necessary to substantiate this observation.
Conclusion
In summary, this dataset presents variations in the USD exchange rate over time but does not make apparent a clear upward or downward trend. Seasonality and recurring patterns are not readily identifiable from the data as provided. Lastly, while a preliminary scan doesn't flag any significant outliers, further statistical analysis is advised for any definitive conclusions.
