A Seasonal Index for a Monthly Series Is About to Be

question 92

Multiple Choice

A seasonal index for a monthly series is about to be calculated on the basis of three years' accumulation of data. The three previous July values were 110, 150, and 130. The average over all months is 190. The approximate seasonal index for July is

• A) 0.487
• B) 0.684
• C) 1.462
• D) 2.053
• E) cannot be calculated with the information given

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Definitions:

Economic Opportunities

Chances or prospects available in the marketplace that can lead to financial growth, business expansion, and employment generation.

Financial Statements

Papers that summarize the financial status of a corporation, featuring the balance sheet, income statement, and statement of cash flows.

Monopoly Privileges

Exclusive rights granted to a company or entity to operate as the sole provider of a product or service in a specific market or region.

Financial Statement Data

This refers to the quantitative information contained in the financial statements of a company, including the balance sheet, income statement, and cash flow statement, used for analysis.