Statistics- Busienss survey report

Business Survey Report

Use the monthly business survey to report on the following questions

1. Identify examples of common business indices and explain how they have been used to explain business conditions.

2. Considering the following indices: Simple indices, composite indices and weighted indices, which ones have been used in the survey and why

3. Outline which sources of information are using these indices to highlight certain business conditions.

4. Explain what calculations were performed using the business indices in the survey.

5. Provide examples of where time series graphs have been used in the survey and explain its application in highlighting specific business conditions.

6. Provide examples of where the following features of a time series: trend, seasonal variation, irregular variation, and cycle have been used and why.

7. Indicate which common methods of smoothing the fluctuations in a time series to obtain averages over time has been used.

8. How have the patterns of change in statistical data been projected from the various graphs in the survey to produce an estimate of the future. Explain your reasoning.