Question

An analyst wants to use the ratio-to-moving-average method to forecast a company's sales for the next...

An analyst wants to use the ratio-to-moving-average method to forecast a company's sales for the next few quarters. Beginning in Quarter 1 of 2019, the analyst collects the following sales data (in millions of dollars).

Estimate the seasonal index associated with Quarter 2. Round you answer to at least 3 decimal places.

Time Period Quarters Sales Moving Average
1 1 98.5
2 2 217.2
139.275
3 3 127.6
142.125
4 4 113.8
159.600
5 1 109.9
163.450
6 2 287.1
167.050
7 3 143.0
173.850
8 4 128.2
178.725
9 1 137.1
178.750
10 2 306.6
188.875
11 3 143.1
12 4 168.7
0 0
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