QUESTION 9   A seasonal index is calculated by dividing the _________.   current season by the previous season   previous season by the current season   current season by the average of all of the seasons   highest value season by the lowes

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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QUESTION 8

 

What is the main problem with using Executive Opinion as a forecasting tool?

 

People under forecast so they can look when they exceed the goal.

 

One person can overrule everyone and set the goal alone

 

It is impossible to get all customer information to the executives

 

Executives tend to think they know more than anyone else

 

QUESTION 9

 

A seasonal index is calculated by dividing the _________.

 

current season by the previous season

 

previous season by the current season

 

current season by the average of all of the seasons

 

highest value season by the lowes

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