What are some examples of SMA calculations?
An example of an AI chatbot conversation about SMA calculation examples.
What are some examples of SMA calculations?
SMA stands for Simple Moving Average. It’s a common calculation in statistics and finance. Would you like to see a specific example?
Yes, please provide an example using stock prices.
Sure! If we have stock prices for the last 5 days: $10, $12, $14, $13, and $15, the 5-day SMA would be calculated as (10 + 12 + 14 + 13 + 15) / 5 = $12.8.
How would the SMA change if the last price was $16 instead?
If the last price was $16, the new prices would be $10, $12, $14, $13, and $16. The 5-day SMA would then be (10 + 12 + 14 + 13 + 16) / 5 = $13.
Can you explain why SMA is useful?
Absolutely! SMA helps smooth out price data to identify trends over time, making it easier to analyze stock performance.
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