I a Typical Monthly Seasonal Index of 107

Multiple Choice

i. A typical monthly seasonal index of 107.0 indicates that sales (or whatever the variable is) are 107 percent above the annual average. ii. Each typical seasonal index is a percent with the average for the year equal to 100.
iii. The ratio-to-moving-average method eliminates the seasonal, cyclical and irregular components from the original data (y) .

A) (i) , (ii) , and (iii) are all correct statements.
B) (i) and (ii) are correct statements but not (iii) .
C) (i) and (iii) are correct statements but not (ii) .
D) (ii) and (iii) are correct statements but not (i) .
E) (i) , (ii) , and (iii) are all false statements.