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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.
Trade Barriers
Trade Barriers are government-imposed restrictions on the free exchange of goods and services between countries, including tariffs, quotas, and subsidies.
Free Trade
An economic policy of not discriminating against imports from and exports to foreign jurisdictions, allowing goods to move freely across borders.
Floating Exchange Rate
A currency valuation system that allows the value of the currency to fluctuate according to the foreign exchange market.
World War II
A global conflict that took place from 1939 to 1945, involving most of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.
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