Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Sales (000)Units Feb. 20 Mar. 20 Apr.

National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:

Month Sales (000)Units

Feb. 20

Mar. 20

Apr. 7

May. 22

Jun. 18

Jul. 24

Aug. 30

a. Forecast September sales volume using each of the following:

(1) The naive approach.

(2) A five-month moving average. (Round your answer to 2 decimal places.)

(3) A weighted average using 0.65 for August, 0.05 for July, and 0.30 for June. (Round your answer to 2 decimal places.)

(4) Exponential smoothing with a smoothing constant equal to 0.20, assuming a March forecast of 14(000). (Round your intermediate forecast values and final answer to 2 decimal places.) (5) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Financial Management

Authors: James R Mcguigan, R Charles Moyer, William J Kretlow

10th Edition

978-0324289114, 0324289111

More Books

Students also viewed these Finance questions

Question

Debate Bogle's no-advertising policy.

Answered: 1 week ago