Question

In part (a), after creating a line graph of exchange rate data, what should be your next step? A) Calculate the standard deviation B) Perform a regression analysis C) Add a trendline using Moving Average D) None of the above

Answer 1

The next step after creating a line graph of exchange rate data is to add a trendline using Moving Average.

Step-by-step explanation:

The next step after creating a line graph of exchange rate data is to add a trendline using Moving Average. This trendline helps to identify the overall trend in the data and provides a smoother representation of the data points. It can help in making predictions or determining the general direction of the exchange rate.

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