Question
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Sales Units Feb. 16 Mar. 19 Apr.
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:
Month Sales Units
Feb. 16
Mar. 19
Apr. 13
May. 21
Jun. 22
Jul. 24
Aug. 28
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 .30, assuming a March forecast of 18(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 .65 for August, .15 for July, and .20 for June. (Round your answer to 2 decimal places.)
Weighted average thousands
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