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Problem 3-2 (Algo) National Scan, Inc., sells radio frequency inventory tags Monthly sales for a seven-month period were as follows Sales Month (000)Units Feb.
Problem 3-2 (Algo) National Scan, Inc., sells radio frequency inventory tags Monthly sales for a seven-month period were as follows Sales Month (000)Units Feb. 15 Mar 18 Apr. 12 May 20 Jun. 23 Jul. 23 Aug. 27 Click here for the Excel Data File 6. Forecast September sales volume using each of the following: (1) The naive approach. Naive approach 28 thousands (2) A five-month moving average. (Round your answer to 2 decimal places.) Moving average 21.00 thousands (3) A weighted average using 0.55 for August, 010 for July, and 0.35 for June. (Round your answer to 2 decimal places.) Weighted average 21.45 thousands (4) Exponential smoothing with a smoothing constant equal to 0.25, assuming a March forecast of 17(000) (Round your intermediate forecast values and final answer to 2 decimal places.) Forecast 27 00 thousands (5) A linear trend equation (Round your intermediate calculations and final answer to 2 decimal places.) Vt 25 20 thousands
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