Interpret the first quarterly index. In other words, what is the value of the se
ID: 3223625 • Letter: I
Question
Interpret the first quarterly index. In other words, what is the value of the series in the first quarter as compared to the average?
Interpret the fourth quarterly index. In other words, what is the value of the series in the fourth quarter as compared to the average?
Make a forecast for all four quarters of next year. (Round your answers to 2 decimal places.)
a-1.
Interpret the first quarterly index. In other words, what is the value of the series in the first quarter as compared to the average?
96% below 4% above 96% above 4% belowExplanation / Answer
a-1) 4% below
a-2) 18% above
b)Quarter 1 =(107.10 + 1.13*25)*0.96 =129.94
Quarter 2 =(107.10 + 1.13*26)*0.86 =117.37
Quarter 3 =(107.10 + 1.13*27)*1.18 =162.38
Quarter 4 =(107.10 + 1.13*28)*1.18 =163.71
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