Using Window Functions for Advanced Data Aggregation

Instruction: Provide an example of how you would use window functions in Pandas for computing rolling statistics.

Context: Evaluates the candidate's expertise in using Pandas for advanced data analysis tasks, specifically in the context of time series data.

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First, to clarify our grounds, rolling statistics are calculations performed over a specified window of data points in a series, which then "rolls" across the data with each calculation based on the current window. This is immensely useful in smoothing out short-term fluctuations and highlighting longer-term trends or cycles.

Assume we're working with a time series dataset, such as daily temperatures over several years. Our goal is to compute a 7-day moving average of temperature to analyze weekly patterns or trends. In this scenario, our "window" is 7 days....

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