Question
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. 17 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. | 17 |
| Apr. | 13 |
| May. | 28 |
| Jun. | 17 |
| Jul. | 23 |
| Aug. | 26 |
| 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 19(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 .60 for August, .10 for July, and .30 for June. (Round your answer to 2 decimal places.) |
| Weighted average | thousands |
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