Solution-Develop the seasonal indexes for these given data

Develop the seasonal indexes for these given data

Reference no: EM131054970

The U.S. Department of Commerce publishes a series of census documents referred to as Current Industrial Reports. Included in these documents are the manufacturers' shipments, inventories, and orders over a 5-year period. Displayed here is a portion of these data representing the shipments of chemicals and allied products from January of year 1 through December of year 5. Use time-series decomposition methods to develop the seasonal indexes for these data.

	Chemicals		Chemicals
	and Allied		and Allied
	Products		Products
Time Period	($ billion)	Time Period	($ billion)
January (year 1)	23.701	January (year 2)	23.347
February	24.189	February	24.122
March	24.200	March	25.282
April	24.971	April	25.426

May	24.560	May	25.185
June	24.992	June	26.486
July	22.566	July	24.088
August	24.037	August	24.672
September	25.047	September	26.072
October	24.115	October	24.328
November	23.034	November	23.826
December	22.590	December	24.373
January (year 3)	24.207	January (year 4)	25.316
February	25.772	February	26.435
March	27.591	March	29.346
April	26.958	April	28.983
May	25.920	May	28.424
June	28.460	June	30.149
July	24.821	July	26.746
August	25.560	August	28.966
September	27.218	September	30.783
October	25.650	October	28.594
November	25.589	November	28.762
December	25.370	December	29.018

	Chemicals
	and Allied
	Products
Time Period	($ billion)
January (year 5)	28.931
February	30.456
March	32.372
April	30.905
May	30.743
June	32.794
July	29.342
August	30.765
September	31.637
October	30.206
November	30.842
December	31.090

Reference no: EM131054970

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Develop the seasonal indexes for these given data

Reference no: EM131054970

Reference no: EM131054970

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