The following table shows UK house prices over the last 3 years. 2007
Posted: Tue Jul 05, 2022 9:56 am
The following table shows UK house prices over the last3 years.
2007 2008 2009
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
£250,000
£252,000
£257,000
£240,000
£220,000
£221,000
£225,000
£205,000
£200,000
£201,000
£199,000
£195,000
a) Draw a Time series graph (on graph paper if possible)for the abovedata (6 marks)
b) Calculate the appropriate moving averages for the abovedata and use them to draw a trend line (2 marks)
c) Comment on the trend and pattern of the quarterlyvalues shown in the Time series graph (2marks)
2007 2008 2009
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
£250,000
£252,000
£257,000
£240,000
£220,000
£221,000
£225,000
£205,000
£200,000
£201,000
£199,000
£195,000
a) Draw a Time series graph (on graph paper if possible)for the abovedata (6 marks)
b) Calculate the appropriate moving averages for the abovedata and use them to draw a trend line (2 marks)
c) Comment on the trend and pattern of the quarterlyvalues shown in the Time series graph (2marks)