Question
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Sales (000)Units Feb. 19 Mar. 22 Apr.
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:
Month | Sales (000)Units |
Feb. | 19 |
Mar. | 22 |
Apr. | 8 |
May. | 24 |
Jun. | 19 |
Jul. | 27 |
Aug. | 22 |
b. Forecast September sales volume using each of the following:
(1) A linear trend equation.(Round your intermediate calculations and final answer to 2 decimal places.) Yt thousands
(2) A five-month moving average. (Round your answer to 2 decimal places.)
Moving average thousands
(3) Exponential smoothing with a smoothing constant equal to .25, assuming a March forecast of 17(000). (Round your intermediate forecast values and final answer to 2 decimal places) Forecast thousands
(4) The naive approach.
Naive approach thousands
(5) A weighted average using .50 for August, .15 for July, and .35 for June. (Round your answer to 2 decimal places.)
Weighted average thousands
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