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Appliance Center sells a variety of electronic equipment and home appliances. For the last 4 years, 2010 through 2013, the following quarterly sales (in $
Appliance Center sells a variety of electronic equipment and home appliances. For the last 4 years, 2010 through 2013, the following quarterly sales (in $ millions) were reported.
Quarter | ||||
Year | I | II | III | IV |
2010 | 5.3 | 4.1 | 6.8 | 6.7 |
2011 | 4.8 | 3.8 | 5.6 | 6.8 |
2012 | 4.3 | 3.8 | 5.7 | 6.0 |
2013 | 5.6 | 4.6 | 6.4 | 5.9 |
Determine a typical seasonal index for each of the four quarters |
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