BUSINESS STATISTICS

1. COMPUTE FIVE YEARLY MOVING AVERAGES OF THE NUMBER OF

EMPLOYEES IN A COMAPANY AS SHOWN BY THE FOLLOWING TABLE:

YEAR 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
NUMBER OF
332 317 357 392 402 405 410 427 405 431
EMPLOYEES

2. COMPUTE THE TREND BY FOUR WEEK MOVING AVERAGE FOR THE

FOLLOWING DATA:

WEEK 1 2 3 4 5 6 7 8 9 10
PRODUCTION 82 73 74 75 73 72 76 76 74 75
WEEK 11 12 13 14 15 16 17 18 19 20
PRODUCTION 75 73 75 76 75 75 78 76 78 79

3. FIND TREND VALUES BY THE METHOD 4 YEARLY MOVING AVERAGES:

YEAR 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991
SALES(000) 290 280 285 310 320 305 310 330 340 321 320

4. CALCULATE SEVEN YEARLY MOVING AVERAGES FROM THE

FOLLOWING DATA AND PLOT ORIGNAL VALUES AND TREND VALUES
ON THE GRAPH PAPER

YEARS 1 2 3 4 5 6 7 8
VALUES 23 26 28 32 20 12 12 10
YEARS 9 10 11 12 13 14 15 16
VALUES 9 13 11 14 12 9 3 1

5. CALCULATE FIVE YEAR MOVING AVERAGE FOR THE FOLLOWING TIME

SERIES

YEAR 1 2 3 4 5 6 7 8 9 10
PRICE 55 52 49 53 54 60 57 55 57 61
YEAR 11 12 13 14 15
PRICE 65 64 61 59 65

6. What are the components of time series? Which component of time series is mainly
applicable in the following cases? Given very brief reason
a. Delay in production in a factory owing strike by workers for a period of one
month?
b. A sudden increase in sales of readymade uniforms of schools children at the time
of reopening of schools.