I a Typical Monthly Seasonal Index of 107

question 82

Multiple Choice

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.

• 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.

---

Definitions:

Amylase

An enzyme that catalyzes the hydrolysis of starch into sugars.

Trypsin

A digestive enzyme produced in the pancreas and secreted into the small intestine, where it breaks down proteins into smaller peptides.

Small Intestine

The part of the gastrointestinal tract between the stomach and large intestine, where most of the digestion and absorption of nutrients takes place.

Duodenum

The first part of the small intestine immediately beyond the stomach, where most chemical digestion takes place.