2742 Interpreting Seasonal Indices

8 Questions | Total Attempts: 284

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2742 Interpreting Seasonal Indices

Questions and Answers
  • 1. 
    A time series data set contains values from Monday to Friday, and the Seasonal Index for Friday is 1.23.  What is the seasonal index for an average day?
  • 2. 
    A time series data set contains values from Monday to Sunday, and the Seasonal Index for Sunday is 0.23.  What is the seasonal index for an average day?
  • 3. 
    A time series data set contains values for the 12 months of the year, and the Seasonal Index for July is 1.23.  What is the seasonal index for an average month?
  • 4. 
    A time series data set contains values for the 12 months of the year, and the Seasonal Index for April is 0.85.  What is the seasonal index for an average month?
  • 5. 
    A time series data set contains values for the four seasons of the year, and the Seasonal Index for Winter is 0.85.  What is the seasonal index for an average season?
  • 6. 
    A time series data set contains values for the four seasons of the year, and the Seasonal Index for Autumn is 1.25.  What is the seasonal index for an average season?
  • 7. 
    The data above shows the seasonal indices for 11 months. What is missing index?
  • 8. 
    The seasonal index for Summer is calculated to be 1.03. This means :
    • A. 

      Summer is 1.03% above the seasonal average

    • B. 

      Summer is 30% above the seasonal average

    • C. 

      Summer is 3% below the seasonal average

    • D. 

      Summer is 3% above the seasonal average

    • E. 

      Summer is 7% below the seasonal average

  • 9. 
    The seasonal index for Winter is calculated to be 1.13. This means :
    • A. 

      Winter is 1.13% above the seasonal average

    • B. 

      Winter is 0.13% above the seasonal average

    • C. 

      Winter is 0.13% below the seasonal average

    • D. 

      Winter is 13% above the seasonal average

    • E. 

      Winter is 13% below the seasonal average

    • F. 

      Winter is coming

  • 10. 
    The seasonal index for Autumn is calculated to be 1.27. This means :
    • A. 

      Autumn is 1.27% above the seasonal average

    • B. 

      Autumn is 0.27% above the seasonal average

    • C. 

      Autumn is 1.27% below the seasonal average

    • D. 

      Autumn is 27% above the seasonal average

    • E. 

      Autumn is 27% below the seasonal average

    • F. 

      Autumn is going to have lots of leaves this year

  • 11. 
    The seasonal index for Spring is calculated to be 1.53 This means :
    • A. 

      Spring is 1.53% above the seasonal average

    • B. 

      Spring is 0.53% above the seasonal average

    • C. 

      Spring is 1.53% below the seasonal average

    • D. 

      Spring is 53% above the seasonal average

    • E. 

      Spring is 53% below the seasonal average

    • F. 

      Spring is a good time for holidays

  • 12. 
    The seasonal index for Monday is calculated to be 1.02. This means :
    • A. 

      Monday is 1.02% above the daily average

    • B. 

      Monday is 1.02% above the weekly average

    • C. 

      Monday is 2% below the daily average

    • D. 

      Monday is 2% above the daily average

    • E. 

      Monday is 2% above the weekly average

    • F. 

      Monday is not as good as Friday

  • 13. 
    The seasonal index for Wednesday is calculated to be 1.07. This means :
    • A. 

      Wednesday is 1.07% above the daily average

    • B. 

      Wednesday is 1.07% above the weekly average

    • C. 

      Wednesday is 7% below the daily average

    • D. 

      Wednesday is 7% above the daily average

    • E. 

      Wednesday is 7% above the weekly average

    • F. 

      Wednesday is not as good as other days

  • 14. 
    The seasonal index for December is calculated to be 1.09. This means :
    • A. 

      December is 1.09% above the monthly average

    • B. 

      December is 1.09% above the annual average

    • C. 

      December is 9% below the monthly average

    • D. 

      December is 9% above the monthly average

    • E. 

      December is 9% above the annual average

    • F. 

      December is better than other months

  • 15. 
    The seasonal index for July is calculated to be 1.41. This means :
    • A. 

      July is 1.41% above the monthly average

    • B. 

      July is 1.41% above the annual average

    • C. 

      July is 0.41% above the monthly average

    • D. 

      July is 41% above the monthly average

    • E. 

      July is 41% above the annual average

    • F. 

      July is better than other months

  • 16. 
    The seasonal index for July is calculated to be 0.41. This means :
    • A. 

      July is 0.41% below the monthly average

    • B. 

      July is 0.41% below the annual average

    • C. 

      July is 59% below the monthly average

    • D. 

      July is 41% below the monthly average

    • E. 

      July is 59% below the annual average

    • F. 

      July is worse than other months

  • 17. 
    The seasonal index for June is calculated to be 0.70. This means :
    • A. 

      June is 0.70% below the monthly average

    • B. 

      June is 0.70% below the annual average

    • C. 

      June is 30% below the monthly average

    • D. 

      June is 70% below the monthly average

    • E. 

      June is 30% below the annual average

    • F. 

      June is too cold to be doing anything

  • 18. 
    The seasonal index for March is calculated to be 0.45. This means :
    • A. 

      March is 0.45% below the monthly average

    • B. 

      March is 0.45% below the annual average

    • C. 

      March is 55% below the monthly average

    • D. 

      March is 45% below the monthly average

    • E. 

      March is 55% below the annual average

    • F. 

      March is worse than other months

  • 19. 
    The seasonal index for Tuesday is calculated to be 0.45. This means :
    • A. 

      Tuesday is 0.45% below the daily average

    • B. 

      Tuesday is 0.45% below the weekly average

    • C. 

      Tuesday is 55% below the daily average

    • D. 

      Tuesday is 45% below the daily average

    • E. 

      Tuesday is 55% below the weekly average

    • F. 

      Tuesday is worse than other days of the week

  • 20. 
    The seasonal index for Sunday is calculated to be 0.75. This means :
    • A. 

      Sunday is 0.75% below the daily average

    • B. 

      Sunday is 0.75% below the weekly average

    • C. 

      Sunday is 25% below the daily average

    • D. 

      Sunday is 75% below the daily average

    • E. 

      Sunday is 25% below the weekly average

    • F. 

      Sunday is a fun day.

  • 21. 
    The seasonal index for Autumn is calculated to be 0.75. This means :
    • A. 

      Autumn is 0.75% below the annual average

    • B. 

      Autumn is 0.75% below the seasonal average

    • C. 

      Autumn is 25% below the seasonal average

    • D. 

      Autumn is 75% below the annual average

    • E. 

      Autumn is 25% below the monthly average

    • F. 

      Autumn is good if you like leaves..

  • 22. 
    The data above shows the seasonal indices for 11 months. What is missing index?
  • 23. 
    The data above shows the seasonal indices for 11 months. What is missing index?
  • 24. 
    The data above shows the seasonal indices for 11 months. What is missing index?
  • 25. 
    The data above shows the seasonal indices for 11 months. What is missing index?
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