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Question 4 (5 marks) Answer the following questions regarding time series: If the exports ($ millions)...

Question 4 Answer the following questions regarding time series:

  1. If the exports ($ millions) for the period 1997 through 2001 were $878, $892, $864, $870, and $912 respectively, what are these values called?
  2. A time series is a collection of data that:
  3. For an annual time series extending from 1993 through 2001, how many years would be lost in a five-year moving average?
  4. For a three-year moving average, how many values will be lost at the beginning and end of the time series?
  5. How can you describe the moving average method?

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