Column one is actual sales for your tourism business in 2011. Suppose column two contains the seasonal indices based on your actual sales from the 10 previous years.
|
|
Actual Sales ($ millions)
|
Seasonal Indices
|
|
2013
|
Q1
|
$350
|
0.60
|
|
Q2
|
$330
|
0.80
|
|
Q3
|
$440
|
1.40
|
|
Q4
|
$410
|
1.20
|
1. Describe the meaning of the seasonal index in Q2.
2. Determine the seasonally adjusted sales for Q2 in 2013. '
3. Discuss what the seasonally adjusted in part B represents.
4. Are you likely to be pleased with your actual sales in Q2 for 2013?