Calculate the seasonal indexes , Applied Statistics

The total number of overtime hours (in 1000s) worked in a large steel mill was recorded for 16 quarters, as shown below.

Year

Quarter

Overtime hours

1995

1

32

 

2

15

 

3

21

 

4

28

1996

1

35

 

2

16

 

3

27

 

4

29

1997

1

36

 

2

21

 

3

25

 

4

37

1998

1

41

 

2

29

 

3

31

 

4

40

a. Calculate the seasonal indexes based on the data set given above. (Note you need to develop the regression line first).

b. What do the seasonal indexes tell us?

 

Posted Date: 2/26/2013 12:57:36 AM | Location : United States







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