Question

In: Statistics and Probability

A seasonal index for December sales of 81.4 indicates: A. December sales are typically 18.6% below...

A seasonal index for December sales of 81.4 indicates:

A. December sales are typically 18.6% below the long-term trend

B. December sales are forecast to be lower than November sales

C. December sales average 81.4% of total annual sales

D. Forecasted sales for next December should be 81.4% of this December's level

Solutions

Expert Solution

C. December sales average 81.4% of total annual sales

                                                                                                                                                 


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