Question
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 |
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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 0.60 for August, 0.10 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 16(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.)
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