The document contains 6 questions analyzing time series data from various contexts. Each question asks the reader to: 1) plot the raw time series data on a graph, 2) calculate and plot a moving average, and 3) analyze trends in the data and make predictions. The time series data relates to employee absences, sales figures, visitor numbers, electricity usage, oil bills, and cinema attendance over multiple quarters and years.
The document contains 6 questions analyzing time series data from various contexts. Each question asks the reader to: 1) plot the raw time series data on a graph, 2) calculate and plot a moving average, and 3) analyze trends in the data and make predictions. The time series data relates to employee absences, sales figures, visitor numbers, electricity usage, oil bills, and cinema attendance over multiple quarters and years.
The document contains 6 questions analyzing time series data from various contexts. Each question asks the reader to: 1) plot the raw time series data on a graph, 2) calculate and plot a moving average, and 3) analyze trends in the data and make predictions. The time series data relates to employee absences, sales figures, visitor numbers, electricity usage, oil bills, and cinema attendance over multiple quarters and years.
The document contains 6 questions analyzing time series data from various contexts. Each question asks the reader to: 1) plot the raw time series data on a graph, 2) calculate and plot a moving average, and 3) analyze trends in the data and make predictions. The time series data relates to employee absences, sales figures, visitor numbers, electricity usage, oil bills, and cinema attendance over multiple quarters and years.
1 The owner of some company is studying non attendance among his employees. His workforce is small, consisting of only five employees. For the last three years he recorded the following number of employee absences, in days, for each quarter.
Year Quarter I II III IV 2004 4 10 7 3 2005 5 12 9 4 2006 6 16 12 4
(a) On the graph paper provided, draw and label a Time Series graph to show the above data.
(b) Calculate the appropriate moving average figures from the above table.
Page 1 FC 301 – STATISTICS __________________________________________________________________________________________
(c) Plot the centred moving average figures on the Time Series graph and use these points to draw a trend line.
(d) Use your trend line to predict number of employee absences in Q2 2007.
Number of employee absences in Q2 2007 will be 11.
(e) Analyse what your Time Series graph shows about the number of employee absences. Example comments: Overall trend is increasing; Highest number of employee absences was in Q2 of 2006; Lowest number of employee absences was in Q4 of 2004; Q2 of every year always sees the most number of employee absences……
Page 2 FC 301 – STATISTICS __________________________________________________________________________________________ (f) Forecast the number of employee absences for quarter 2 (Q2) of 2007 using the formula.
2 A company sells a variety of electronic equipment and home appliances. For the last four years the following quarterly sales (in millions £) were reported:
Year Quarter I II III IV 2003 5.3 4.1 6.8 6.7 2004 4.8 3.8 5.6 6.8 2005 4.3 3.8 5.7 6.0 2006 5.6 4.6 6.4 5.9
(a) On the graph paper provided, draw and label a Time Series graph to show the above data. (b) Calculate the appropriate moving average figures from the above table. (c) Plot the centred moving average figures on the Time Series graph and use these points to draw a trend line. (d) Analyse what your Time Series graph shows about the quarterly sales of electronic equipment and home appliances.
3 A village in Colorado contains shops, restaurants and motels. The village has two peak seasons – winter, for skiing on the mountain slopes, and summer, for tourists visiting parks. The number of visitors (in thousands) by quarter for three years is given below:
Year Quarter I II III IV 2002 117.0 80.7 129.6 76.1 2003 118.6 82.5 121.4 77.0 2004 114.0 84.3 119.9 75.0
(a) On the graph paper provided, draw and label a Time Series graph to show the above data. (b) Calculate the appropriate moving average figures from the above table. (c) Plot the moving average figures on the Time Series graph and use these points to draw a trend line. (d) Use your trend line to predict how many visitors there would be in Q2 of 2005.
Page 3 FC 301 – STATISTICS __________________________________________________________________________________________ (e) Analyse what your Time Series graph shows about the number of visits to the village.
4 The table shows the number of units of electricity used each quarter by a householder over a period of 3 years.
Year Quarter I II III IV 2009 680 810 470 740 2010 640 850 420 750 2011 970 880 490 760
(a) Plot these values on the graph paper provided.
(b) Calculate centred moving averages. (c) Plot the centred moving averages on your graph. (d) Draw in the trend line. (e) Comment on the trend in the units of electricity used.
5 Lizzie has the following information about the oil bills for her home over the period from 2001 to 2002.
Year 1st quarter 2nd quarter 3rd quarter 4th quarter
2010 222 120 58 172 2011 234 128 64 182
(a) Plot these quarterly bills as a time series.
(b) Work out the centred moving averages. (c) On the same axes as the time series, plot the centred moving averages and draw the trend line. (d) Make four comments about the variations in Lizzie’s oil bills from 2011 to 2011.
6 The table shows the numbers of people, in hundreds, going to a small cinema for 12 consecutive quarters.
Year Quarter
Page 4 FC 301 – STATISTICS __________________________________________________________________________________________ I II III IV 2009 40 95 140 65 2010 45 100 145 70 2011 55 105 141 87
(a) On the graph paper provided, draw and label a Time Series graph to show the above data.
Cinema Attendance 150
140
N 130 u m b 120 e r 110 o f 100
p e 90 o p l 80 e 70 i n 60 1 0 0 50 s 40
30 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
Time
(b) Calculate the appropriate moving average figures from the above table.
(c) Plot the centred moving average figures on the Time Series graph and use these points to draw a trend line.
On the graph above
Page 5 FC 301 – STATISTICS __________________________________________________________________________________________ (d) Analyse what your Time Series graph shows about the number of people going to small cinema.
Example comments: Overall trend is slightly increasing; Highest number
of people was in Q3 of 2009; Lowest number of visitors was in Q1 of 2008; Q3 of every year always sees the most number of people …..
