I in the Ratio-To-Moving-Average Procedure, Using the Median or Modified

question 100

Multiple Choice

i. In the ratio-to-moving-average procedure, using the median or modified mean eliminates trend.
ii. A typical seasonal index of 103.7 for January indicates that sales for January are below the annual
Average.
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) (i), (ii), and (iii) are all false statements.

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Definitions:

Effort

The amount of physical or mental energy put into a task or activity to achieve a specific outcome.

Persistence

The quality of continuing steadfastly or firmly in some action, despite obstacles or discouragement.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors.

Hard Work

The substantial effort and perseverance applied toward achieving goals, characterized by diligence and commitment.