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QUESTION 5 Assume you collected a quarterly sales data (in millions of dollars) over a four-year period from the first quarter 2016 to the fourth

QUESTION 5

  1. Assume you collected a quarterly sales data (in millions of dollars) over a four-year period from the first quarter 2016 to the fourth quarter 2019, and computed the seasonal index for each quarter. If the values of the actual sales and deseasonalised sales were 231 and 240.64, respectively, in the third quarter of 2019, what is the (normalised) seasonal index for the third quarter?Round your answer totwodecimal places.

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