Asked by Vayola Nicolas on May 15, 2024
Verified
In determining weekly seasonal indexes for gas consumption,the sum of the 52 means for gas consumption as a percentage of the moving average is 5050.To get the seasonal indexes,each weekly mean is to be multiplied by:
A) 5200 / 5050
B) (5200 + 5050) / 52
C) (5050 + 52) / 5200
D) 5050 / 5200
Weekly Seasonal Indexes
Indicators that measure the variability in data or phenomena on a weekly basis to account for and predict seasonal variations.
Moving Average
A method used to smooth out short-term fluctuations and highlight longer-term trends or cycles in data, by averaging data points over specific periods.
- Determine and utilize correct approaches for estimating monthly and various periodic seasonal indicators.
Verified Answer
UV
ubaldo victor fernandez mesaMay 17, 2024
Final Answer :
A
Explanation :
To normalize the seasonal indexes so that their sum equals the number of periods in a year (which is 5200% for 52 weeks, assuming each week is 100%), each weekly mean percentage (summing to 5050) needs to be adjusted by a factor that scales the total to 5200. This is achieved by multiplying each mean by the ratio of the desired total (5200) to the actual total (5050), hence 5200 / 5050.
Learning Objectives
- Determine and utilize correct approaches for estimating monthly and various periodic seasonal indicators.
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