Solution: The Appliance Center sells a variety of electronic equipment and home appliances. For the last four years the following quarterly sales (in $
Question: The Appliance Center sells a variety of electronic equipment and home appliances. For the last four years the following quarterly sales (in $ millions) were reported.
|
Quarter
Year I II III IV 2000 5.3 4.1 6.8 6.7 2001 4.8 3.8 5.6 6.8 2002 4.3 3.8 5.7 6.0 2003 5.6 4.6 6.4 5.9 |
Determine a typical seasonal index for each of the four quarters.
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