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Exhibit 18

Question 27

Multiple Choice

Exhibit 18.4.The following ratio-to-moving averages for the seasonally adjusted series were found by the decomposition method applied on a time series representing quarterly sales for the last four years: Exhibit 18.4.The following ratio-to-moving averages for the seasonally adjusted series were found by the decomposition method applied on a time series representing quarterly sales for the last four years:   Refer to Exhibit 18.4.By how many percent the sales in Quarter 4 exceed the average quarterly sales? A) 34.20% B) 38.41% C) 33.00% D) 35.71% Refer to Exhibit 18.4.By how many percent the sales in Quarter 4 exceed the average quarterly sales?


A) 34.20%
B) 38.41%
C) 33.00%
D) 35.71%

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