Question: You are given a time series with data about sales over 1 3 years, with one data point per day. You observe that, every 2
You are given a time series with data about sales over years, with one data point per day. You observe that, every weeks, there is a peak in sales that slowly decreases until the next weeks period. You decide to use a moving average to calculate the trend of sales while smoothing the seasonality. What would be the most appropriate period for the moving average? In other words, how many data points should be used to calculate each value of the moving average?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
