The U.S. Department of Commerce publishes data on industrial machinery and equipment. Shown here are the...

The U.S. Department of Commerce publishes data on industrial machinery and equipment. Shown here are the shipments (in $ billions) of industrial machinery and equipment from the first quarter of year 1 through the fourth quarter of year 6. Use these data and the seasonal indexes below to deseasonalize the data.

Time Period	Industrial Machinery and Equipment Shipments
1st quarter (year 1)	54.019
2nd quarter	56.495
3rd quarter	50.169
4th quarter	52.891
1st quarter (year 2)	51.915
2nd quarter	55.101
3rd quarter	53.419
4th quarter	57.236
1st quarter (year 3)	57.063
2nd quarter	62.488
3rd quarter	60.373
4th quarter	63.334
1st quarter (year 4)	62.723
2nd quarter	68.380
3rd quarter	63.256
4th quarter	66.446
1st quarter (year 5)	65.445
2nd quarter	68.011
3rd quarter	63.245
4th quarter	66.872
1st quarter (year 6)	59.714
2nd quarter	63.590
3rd quarter	58.088
4th quarter	61.443

Quarter	Index
1	98.07
2	103.84
3	97.04
4	101.05

Give the answer for quarter 1 year 5. (Rounded to three decimal places.)

1st Quarter (year 5)=

Expert Solution

The Seasonal Index given are wrong.

See below the correct Seasonal Index (S.I).

Actual = actual shipment values

avg.S.I. = average of Seasonal indices for i th quarter ( i = 1,2,3,4)

1st Quarter (year 5) = 67.205

orchestra answered 1 year ago

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