Exhibit 18.4.The following ratio-to-moving averages for the seasonally adjusted series were found by the decomposition method applied on a time series representing quarterly sales for the last four years: 
Refer to Exhibit 18.4.What is the seasonal index for the fourth quarter?
Definitions:
Compounded Annually
A method where the interest earned is added to the principal sum at the end of each year, resulting in interest being earned on interest in subsequent years.
Compounded Annually
Refers to the process where interest earned on an investment is added to the principal, and the new total becomes the basis for computing interest in the next period.
Quadruple
To increase or to be increased fourfold.
Annual Growth Rate
The year-over-year increase in value of an investment, expressed as a percentage.
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