I a Typical Monthly Seasonal Index of 107

question 23

Multiple Choice

i. A typical monthly seasonal index of 107.0 indicates that sales (or whatever the variable is) are 107 percent above the annual average) ii. The ratio-to-moving average method removes the time series trend component, resulting in 12 numbers that are called specific seasonals.
iii. The total of the four typical quarterly indexes should equal 100.0.

• A) (i), (ii) and (iii) are all correct statements
• B) (i) and (ii) are correct statements, but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) All statements are incorrect.

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