Time series

[Studyinghard]

Here is some data

Quarter       1             2            3             4

1998

1999

2000

lets just say the SI for quarter 2 is 1.95

Explain what the SI for second quarter represents with respect to yearly average.

[crayolé]

The SI average is always 1.
So that means that the second quarter sales were 95% above the yearly average.

[Studyinghard]

So you dont have to do any calculations regarding yearly average or anything?

[crayolé]

Nah, the seasonal index has already done the calculations for you.

Remember the equation to find it?

[yr12]

Just another question..

Quarter               1                  2                3              4
1998

1999

2000

This is quarterly unemployment for a country.

A question is in quarter 1, 2001 (this country) had 10 million people either working or seeking work. Unemployment was so high in this quarter it would appear as an outlier on the boxplot above. Find the smallest number of people that were unemployed in (this country) for this quarter.

[crayolé]

Umm i dont think you can work it out without any figures there?

[yr12]

Yeah I dont want it answered I just want to know the technique so I can figure it out myself