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21 Question 2: 22 23 The Appliance Centre sells a variety of electronic equipment and home appliances. For the last four years the 24 following
21 Question 2: 22 23 The Appliance Centre sells a variety of electronic equipment and home appliances. For the last four years the 24 following quarterly sales (in $ millions) were reported. 25 26 27 Quarter 28 Year I IV 29 30 2008 $5.3 $4.1 $6.8 $6.7 31 2009 4.8 3.8 5.6 6.8 2010 4.3 3.8 5.7 6.0 32 2011 5.6 4.6 6.4 5.9 33 34 35 36 Determine the seasonal index for each of the four quarters using the ratio-to-moving-average method. 37 38 39
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