Given the following sales data, answer the following questions.
Mean of 3-Year Sales

278/12 = 23.16
-What is the seasonal index for quarter 1?
A) .87
B) 2.30
C) .38
D) .50

Question

Given the following sales data, answer the following questions.
Mean of 3-Year Sales

278/12 = 23.16
-What is the seasonal index for quarter 1?
A) .87 
B) 2.30 
C) .38 
D) .50

Quizplus · Accepted Answer

The seasonal index for a specific period (like quarter 1 in this case) is a measure of how that period's activity compares to the average activity for the entire year. A seasonal index of .87 means that the activity in quarter 1 is 87% of the average quarterly activity, indicating that it is a period of below-average activity. This value is calculated based on historical data and is used for seasonal adjustment in forecasting and analysis.

Given the Following Sales Data, Answer the Following Questions