Simple Averages are merely adding the data points and dividing the total by the number of items. This is the most common form for representation of a set of data. Others are median, mode, and a derived range, We will focus on the averages in this class: Simple Averages (Arithmetic Mean) Simple Moving Averages Weighted Moving Averages Month Price ($) Moving Averages t = 4 Weighted Moving Averages t = t(-4 to -1) at .4,.3,.2,.1 Jan 50 Feb 55 March 45 April 42 (50 +55+45+42)/4 = .4(42)+.3(55)+.2(45)+.1(42) = May 48 (55+45++42+48)/4 = .4(55) +.3(45)+.2(42)+.1(48) = June 46 (45+42+48+46)/4 = .4(45) +.3(42)+.2(48)+.1(46) = July 52 ETC......... ETC...... August 51 September 52 October 49 Simple Average __________ November = 490/10 = 49 What are your observation from the above data and derived analysis