Question
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: MonthSales (000)UnitsFeb.14Mar.20Apr.11May.22Jun.21Jul.25Aug.16 b. Forecast September sales volume using
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:
MonthSales
(000)UnitsFeb.14Mar.20Apr.11May.22Jun.21Jul.25Aug.16
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.)
Ytthousands
(2) A five-month moving average.(Round your answer to 2 decimal places.)
Moving averagethousands
(3) Exponential smoothing with a smoothing constant equal to .20, assuming a March forecast of 17(000).(Round your intermediate forecast values and final answer to 2 decimal places)
Forecastthousands
(4) The naive approach.
Naive approachthousands
(5) A weighted average using .70 for August, .10 for July, and .20 for June.(Round your answer to 2 decimal places.)
Weighted averagethousands
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