Exhibit 11.4 The Following Questions Use the Data Below

Multiple Choice

Exhibit 11.4
The following questions use the data below.
Joe's Sporting Goods wants to forecast quarterly sales figures using the additive seasonal method. The store has collected 12 quarters of data and needs your help to analyze the data.
-Refer to Exhibit 11.4. What formula should be entered in cell E3 to compute the base level when using the additive seasonal effects method?

A) =AVERAGE($E$3:$E$6)
B) =AVERAGE(E3, E7, E11)
C) =AVERAGE($D$3:$D$6)
D) =AVERAGE(D3, D7, D11)