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Business Statistics Assignment – Bitcoin

   

Added on  2021-02-21

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Business Statistics – Bitcoin
Business Statistics Assignment – Bitcoin_1

TABLE OF CONTENTS1. Presenting weekly closing price of Bitcoin and commenting on the trend ...........................32. Calculating weekly return for BIT and constructing histogram from the dataset given.........3REFERENCES ...............................................................................................................................4APPENDIX......................................................................................................................................51. Weekly dataset related to Bitcoin............................................................................................52. Assessment of weekly return ................................................................................................13
Business Statistics Assignment – Bitcoin_2

l壱1. Presenting weekly closing price of Bitcoin and commenting on the trend Graphical presentation Charts are the graphical presentation for representing information about security pricesover time. Charts helps Bitcoin in plotting historical data which is based on combination ofvolume, prices and time intervals. Charts are the prevalent method used by technical anlyst andare known as chartist. Previously drawing of charts were done manually but nowadays majoritycharts are prepared by computer. For presenting the weekly analysis of closing price trend analysis has been used. It willreveal the trends that were faced by company during the tenure from year 2013 to 2019.company has seen very low fluctuations during the year 2013 only at the ending months.Company during 2014 started to rise from the starting months as it was a new concept andpeople showed interest towards it. Movement of the trend was slow which raise in its startingperiod and slowed down reaching at end of year. From the year 2015 company did not showedmuch fluctuations in its prices and pricing of company was found consistent to half of year 2016.
Business Statistics Assignment – Bitcoin_3

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