A Seasonal Index for a Monthly Series Is About to Be

question 92

Multiple Choice

A seasonal index for a monthly series is about to be calculated on the basis of three years' accumulation of data. The three previous July values were 110, 150, and 130. The average over all months is 190. The approximate seasonal index for July is

• A) 0.487
• B) 0.684
• C) 1.462
• D) 2.053
• E) cannot be calculated with the information given

Understand the impact of macroeconomic policies on economic growth.

Comprehend the principles and debates surrounding stabilization policy.

Recognize the challenges and implications of time inconsistency in policymaking.

Grasp the effects of fiscal policies, including tax cuts and government expenditures, on the economy.

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Definitions:

SAM

Usually refers to Serviceable Available Market, which is the portion of the market that can be captured or served by a company.

SOM

Abbreviation typically for "Share Of Market," referring to the percentage of a market controlled by a particular company, product, or brand.

Sanity Checks

Quick, basic tests or analyses run to ensure that assumptions or results are rational and feasible.

Market Size

The total volume or value of sales within a defined market over a specific period of time.