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Question
Solve the following problem :
Obtain trend values for the data in Problem 7 using 4-yearly moving averages.
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Solution
Construct the following table for finding 4-yearly centred moving averages:
| Year t |
Percentage of Enrolment yt |
4–yearly moving total | 4–yearly moving average | 2 unit moving total | 4–yearly centred moving averages trend value |
| 1960 | 0 | ||||
| 1965 | 3 | ||||
| 10 | 2.5 | ||||
| 1970 | 3 | 6 | 3 | ||
| 14 | 3.5 | ||||
| 1975 | 4 | 7.5 | 3.75 | ||
| 16 | 4 | ||||
| 1980 | 4 | 8.75 | 4.375 | ||
| 19 | 4.75 | ||||
| 1985 | 5 | 10.5 | 5.25 | ||
| 23 | 5.75 | ||||
| 1990 | 6 | 12.5 | 6.25 | ||
| 27 | 6.75 | ||||
| 1995 | 8 | 14.75 | 7.375 | ||
| 32 | 8 | ||||
| 2000 | 8 | ||||
| 2005 | 10 | 4.5 |
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| Production | 0 | 4 | 4 | 2 | 6 | 8 |
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| Year | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 |
| Production (million barrels) |
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| 1980 | 10 | – 3 | 9 | – 30 |
| 1985 | 7 | – 2 | 4 | – 14 |
| 1990 | 5 | – 1 | 1 | – 5 |
| 1995 | 4 | 0 | 0 | 0 |
| 2000 | 3 | 1 | 1 | 3 |
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| Total | 30 | 0 | 28 | – 44 |
The normal equations are
Σy = na + bΣx
As, Σx = 0, a = `square`
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10 | 15 | 20 | 25 | 30 |
| Year | 2005 | 2006 | 2007 | 2008 | 2009 |
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| Years | 1966 | 1967 | 1968 | 1969 | 1970 |
| Gross Capital information | 20 | 25 | 25 | 30 | 35 |
| Years | 1971 | 1972 | 1973 | 1974 | 1975 |
| Gross Capital information | 30 | 45 | 40 | 55 | 65 |
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| Year | 1980 | 1985 | 1990 | 1995 | 2000 | 2005 | 2010 |
| IMR | 10 | 7 | 5 | 4 | 3 | 1 | 0 |
