The Ratios of "Actuals to Moving Averages" (Seasonal Indexes)for a Time

question 23

Multiple Choice

The ratios of "actuals to moving averages" (seasonal indexes) for a time series are presented in the following table as percentages. $$\begin{array} { | r | r | r | r | r | r | } \hline & 2008 & 2009 & 2010 & 2011 & 2012 \\\hline Q _ { 1 } & & 112.22 & 110.78 & 111.22 & 111.87 \\\hline Q _ { 2 } & & 100.65 & 108.68 & 103.78 & 101.95 \\\hline Q _ { 3 } & 97.76 & 99.08 & 97.68 & 97.61 & \\\hline Q _ { 4 } & 86.61 & 95.00 & 94.64 & 92.92 & \\\hline\end{array}$$ The final (completely adjusted) estimate of the seasonal index for Q₁ is __________.

• A)109.733
• B)109.921
• C)113.853
• D)113.492
• E)111.545

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Definitions:

Generalization

The process of applying information or conclusions from specific instances to broader contexts or groups, often simplifying complex information.

Assimilation

Piaget’s term for incorporation of new information into an existing cognitive structure.

Accommodation

Adjusting one's schemas and understanding to incorporate new and differing information or experiences.

Schematization

The process of organizing information or experiences into schemas, which are mental structures that represent some aspect of the world.