Deseasonalised Data = number of values / seasonal index
Strong Correlation = 1
Weak Correlation = 0-0.4 range
Moderate Correlation = 0.5 and above
categorical data = data without numerical values
numerical data = data with numerical values
interpolation = data which is within the data range
extrapolation = data which exceeds the data range given
extrapolation danger - cannot be sure with data that exceeds the ranges of data as the r and r2 values do not apply to these values, making their correlation to the dataset, unknown and unreliable.
3 point moving average = adding 3 values of the dataset / the number of the values (3)
centred moving avg = same process but divided by the centred value eg: x = 40, divide by 40
least squares equation = ab + x
equation of a line = mx + b
mx = gradient
b = y-intercept
y-intercept is where the graph crosses the y axis
x-intercept = when y is zero
gradient is how steep the line is
arithmetic sequence = a sequence of numbers where the sum of the first n terms is equal to the sum of the n+1 terms
common difference = d
common ratio = r
ratio = geometric sequence
difference = arithmetic sequence
simple interest = arithmetic sequence
compound interest = geometric sequence
appreciation = going up in value
depreciation = going down in value
360/24 = 15 degrees (time zones)
UTC = Coordinated Universal Time, a time standard that is used to define the time of day in relation to the rotation of the Earth.
latitude = the angle of the sun at a particular point on the earth's surface
longitude = the angle of a line passing through the centre of the earth and the point on the earth
latitude before longitude
prime meridian = zero degree longitude
meridian = imaginary lines running from pole to pole