What is a moving average?
An example of an AI chatbot conversation about moving averages in statistics and finance.
What is a moving average?
A moving average is a statistical calculation used to analyze data points by creating averages of different subsets of the full data set.
How is it used in finance?
In finance, moving averages help smooth out price data to identify trends over a specific period, making it easier to spot potential buy or sell signals.
What are the different types of moving averages?
The main types are simple moving average (SMA), exponential moving average (EMA), and weighted moving average (WMA), each with different calculation methods.
Can you give me an example of how to calculate a simple moving average?
Sure! To calculate a 3-day simple moving average, add the closing prices of the last three days and divide by 3.
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