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National Scan, Inc., Solution

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National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows;Month Sales;(000)Units;Feb. 18;Mar. 19;Apr. 11;May. 28;Jun. 16;Jul. 23;Aug. 23;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 20(000). (Round your intermediate calculations 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

 

Paper#30187 | Written in 18-Jul-2015

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