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Forecast September sales volume using each of the following: (1) The naive approach. (2) A five-month moving average. (3) A weighted average using 0.60 for
Forecast September sales volume using each of the following:
(1) The naive approach.
(2) A five-month moving average.
(3) A weighted average using 0.60 for August, 0.20 for July, and 0.20 for June.
(4) Exponential smoothing with a smoothing constant equal to 0.20, assuming a March forecast of 18(000). (
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: MonthFeb.Mar.Apr.MayJun.Jul.Aug.Sales(000)Units2023725182830Step by Step Solution
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