Calculate seasonal indices by the ratio to moving average method from the following data:
| Year Quarter | 2001 | 2002 | 2003 | 2004 | |||||
| Q1 | 750 | 860 | 900 | 1000 | |||||
| Q2 | 600 | 650 | 720 | 780 | |||||
| Q3 | 540 | 630 | 660 | 720 | |||||
| Q4 | 590 | 800 | 850 | 930 | |||||
The steps to calculate seasonal indices by the ratio to moving average method are:
Calculate the 4-quarter moving average for each year.
Divide the value of each quarter by the moving average of the corresponding year.
Calculate the average of the ratios ___ _________ _______ _________ _______ ________.
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