National Mixer Inc. sells can openers. Monthly sales for a seven-month period were as

follows:

Month Sales (000 units)

FEB 19

MAR 18

APR 15

MAY 20

JUN 18

JUL 22

AUG 20

Forecast September sales volume using each of the following:

a. A linear trend equation.

b. A five-month moving average.

c. Use a smoothing factor of 0.20 assuming a March forecast of 19,000.

d. Which method seems the least appropriate? Why?

e. Plot the actual data and forecast on a graph

question 2

. A company that processes fruits and vegetables is able to produce 400 cases of canned peaches

in one half-hour with four workers. What is the labour productivity?

3.

Long Beach Bank employs three loan officers, each working eight hours per day. Each officer

processes an average of five loans per day. The bank