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Question
Define seasonal index
Solution
Seasonal Index for every season (monthly or quarterly) is calculated as follows
Seasonal Index (S.I) = `"Seasonal Average"/"Grand Average" xx 100`
If the data is given monthwise
Seasonal Index = `"Monthly Average"/"Grand Average" xx 100`
If quarterly data is given
Seasonal Index = `"Quarterly Average"/"Grand Average" xx 100`
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