Removing the Seasonal Component from a Historical Demand (De-Seasonalizing)can Be

question 80

True/False

Removing the seasonal component from a historical demand (de-seasonalizing)can be accomplished by dividing each data point by its appropriate seasonal index.

---

Definitions:

EURO

The official currency of the Eurozone, which is used by 19 of the 27 European Union countries.

Official Currency

The legally established money within a country that is used as a medium of exchange, store of value, and unit of account.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country in a given period, a primary indicator of economic health.

GATT Agreement

The General Agreement on Tariffs and Trade; a legal agreement between many countries whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas.