Question: Question 7A (Pay attention to values as the professor changes the rates in his questions.) Daily Spot Exchange Rate, U.S. Dollars per Pound Sterling Date

Question 7A (Pay attention to values as the professor changes the rates in his questions.)

Daily Spot Exchange Rate, U.S. Dollars per Pound Sterling Date Rate Date Rate Date Rate 1-Apr-04 1. 8664 13-Apr-04 1.8260 23-Apr-04 1.7674 2-Apr-04 1.8393 14-Apr-04 1. 7902 26-Apr-04 1.7857 5-Apr-04 1. 8140 15-Apr-04 1. 7785 27-Apr-04 1.7925 6-Apr-04 1.8474 16-Apr-04 1. 8004 28-Apr-04 1.7720 7-Apr-04 1. 8410 19-Apr-04 1. 8055 29-Apr-04 1. 7851 8-Apr-04 1. 8425 20-Apr-04 1. 7914 30-Apr-04 1. 7844 9-Apr-04 1. 8422 21-Apr-04 1.7720 3-May -04 1.7720 12-Apr-04 1. 8458 22-Apr-04 1. 7684 4-May-04 1.7807 5-May-04 1.7832 13-May-04 1. 7584 21-May-04 1.7880 6-May -04 1. 7841 14-May-04 1. 7572 24-May-04 1.7908 7-May-04 1.7942 17-May-04 1. 7695 25-May-04 1.8335 10-May -04 1. 7823 18-May-04 1. 7695 26-May -04 1. 8242 11-May-04 1.7644 19-May -04 1. 7727 27-May-04 1. 8469 12-May-04 1.7743 20-May -04 1. 7710 28-May-04 1.8330 (a) Make a line chart and fit an m-period moving average to the exchange rate data shown above with m = 2, 3, 4, and 5 periods. For each method, state the last MA value. (Round your answers to 4 decimal places.) m-period Next period forecast N W

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