National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month. Sales (000)Units Feb. 17 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. 17 Mar. 20 Apr. 12 May. 22 Jun. 19 Jul. 24 Aug. 26
A.) Forecast September sales volume using each of the following
1. The naive approach _____ thousands
2. A 5-month moving average (round to 2 decimal places)
moving average _____ thousands
3. A weighted average using 0.60 for August, 0.10 for July. and 0.30 for June (round to 2 decimal places)
weighed average ____ thousands
4. Exponential smoothing with a smoothing constant equal to 0.20, assuming March forecast of 16(000) (round intermediate forecast values and final answer to 2 decimal places)
5. A linear trend equation (round intermediate forecast values and final answer to 2 decimal places)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started