i. In the ratio-to-moving-average procedure, using the median or modified mean eliminates trend. ii. A typical seasonal index of 103.7 for January indicates that sales for January are below the annual average.
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.

Question

Quizplus · Accepted Answer

The Answer of i. In the ratio-to-moving-average procedure, using the median or modified mean eliminates trend. ii. A typical seasonal index of 103.7 for January indicates that sales for January are below the annual average.
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.

I in the Ratio-To-Moving-Average Procedure, Using the Median or Modified