Double Moving Average with Example calculation #dataanalyst #timeseriesanalysis
📈 What You'll Learn:
What a Double Moving Average is and why it’s used
Step-by-step calculation of the Double Moving Average with a 3-month moving average example
How to interpret the results and apply this method in real-world scenarios
Double Moving Averages are commonly used in fields like finance, economics, and sales forecasting, where identifying a consistent trend amidst noisy data is essential. By the end of this video, you'll have a solid understanding of how to calculate and interpret Double Moving Averages and apply them to your own time series data.
Example Calculation:We’ll use a sample dataset of monthly sales to walk through each step—from the first moving average to the final double moving average—making it easy to follow along and practice.
Timestamps:
0:48 - Simple Moving Average
1:04 - Double Moving Average
1:42 - Example calculation
4:13 - Interpretation
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Simple moving average video link : https://youtu.be/7iQ5HPqVndg