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i. For a quarterly time series, the initial step, using the ratio-to-moving average method, is to remove
The seasonal components from the time series using a 3-month centered moving average.
ii. In the ratio-to-moving-average procedure, using the median or modified mean eliminates trend.
iii. In the final step, using the ratio-to-moving-average method on quarterly data, the total of the
Modified means should theoretically be equal to 400 because the average of should be 100.
Uncontrollable
Refers to factors or costs that cannot be controlled or influenced by the management or operations of a business.
Loan Interest
The additional money paid to a lender in return for borrowing money, calculated as a percentage of the loan amount.
Stationery Expenses
Costs associated with office supplies such as paper, pens, and envelopes, used in the daily operations of a business.
Management Accounting
The method involves creating managerial reports and financial records that deliver precise and prompt financial and statistical data needed by managers for making daily and near-term decisions.
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