Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

Click here for the Excel Data File

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.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Principles Of Auditing

Authors: Hugo Romero

1st Edition

1632409372, 978-1632409379

More Books

Students also viewed these Accounting questions

Question

1. Define and explain culture and its impact on your communication

Answered: 1 week ago