Problem 3-2 (Algo)

National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:

Month	Sales (000)Units
Feb.	15
Mar.	23
Apr.	12
May.	25
Jun.	19
Jul.	28
Aug.	26

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 0.45 for August, 0.20 for July, and 0.35 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 14(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.)