The Ratios of "Actuals to Moving Averages" (Seasonal Indexes)for a Time

Multiple Choice

The ratios of "actuals to moving averages" (seasonal indexes) for a time series are presented in the following table as percentages: The initial estimate of the seasonal index for Q₁ is ___.

A) 111.047
B) 111.741
C) 111.523
D) 111.243
E) 111.943