The time series plot below shows the average monthly ice cream consumption recorded over three years, from January 2010 to December 2012.
The data for the graph was recorded in the Northern Hemisphere.
In this graph, month number 1 is January 2010, month number 2 is February 2010 and so on.
- Identify a feature of this plot that is consistent with this time series having a seasonal component. (1 mark)
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- The long-term seasonal index for April is 1.05
- Determine the deseasonalised value for average monthly ice cream consumption in April 2010 (month 4).
- Round your answer to two decimal places. (1 mark)
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- The table below shows the average monthly ice cream consumption for 2011 .
Consumption (litres/person) | ||||||||||||
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec |
2011 | 0.156 | 0.150 | 0.158 | 0.180 | 0.200 | 0.210 | 0.183 | 0.172 | 0.162 | 0.145 | 0.134 | 0.154 |
- Show that, when rounded to two decimal places, the seasonal index for July 2011 estimated from this data is 1.10. (2 marks)
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