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5.06 Further applications

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Outcomes

3.2.1.2

describe time series plots by identifying features such as trend (long-term direction), seasonality (systematic, calendar-related movements) and irregular fluctuations (unsystematic, short-term fluctuations), and recognise when there are outliers, e.g. one-off unanticipated events

3.2.2.1

smooth time series data by using a simple moving average, including the use of spreadsheets to implement this process

3.2.2.2

calculate seasonal indices by using the average percentage method

3.2.2.3

deseasonalise a time series by using a seasonal index, including the use of spreadsheets to implement this process

3.2.2.4

fit a least-squares line to model long-term trends in time series data, using appropriate technology

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