I in the fiNal Step, Using the Ratio-To-Moving-Average Method on Quarterly

question 49

Multiple Choice

i. 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.
ii. Seasonal variation is quite common in the retail and wholesale industries.
iii. A typical seasonal index of 103.7 for January indicates that sales for January are below the
Annual average.

• 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:

Conservation

Piaget’s term for awareness that two objects that are equal according to a certain measure remain equal in the face of perceptual alteration so long as nothing has been added to or taken away from either object.

Symbolic Function

The ability to use symbols or abstract signs to represent something beyond direct experience.

Mental Representations

Internal images, ideas, or thoughts that stand in for objects, events, or relations in the outside world, aiding in cognition and perception.

Abstractly

Thinking in a way that is not concrete, focusing on ideas and concepts rather than physical or practical realities.