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Seasonal index

1. A seasonal index may be less than one, equal to one, or greater than one. Explain what each of these values would mean.

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As per home.com, "A seasonal index of 1.00 for a particular month indicates that the expected value of that month is 1/12 of the overall average. A seasonal index of 1.25 indicates that the expected value for that month is 25% greater than 1/12 of the overall average. A seasonal ...

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Solution discusses the seasonal index

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