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i)

Graph1.1
ii)
The time series exhibits a fair degree of volatility or randomness.The underlying level of the series over the given time period appears to be well contained in an underlying band of 0.9250-0.9450. The level of this time series also appears constant over the entire time series and hence a horizontal data pattern is observed.
Since the time series is relatively horizontal with trend and seasonality not apparent in this time series, then moving average and simple exponential smoothing would be possible predictors for future days USD/AUD exchange rates. It is important to note that although it would appear that the data is not strictly horizontal, there is no systematic tendency to a change in level at least with the data that is presented.
Note: Trend, seasonality,cyclical- not apparent in this time series, more observations may be needed.
The factors which are likely to have influenced the pattern observed is the supply/demand for the AUD which is...

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Title: Business Forecasting
Approximate word count: 1975
Approximate pages: 8 (250 words per double-spaced page)

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