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National Scan, Inc., Solution

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Question;National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:Month Sales(000)UnitsFeb. 18Mar. 19Apr. 11May. 28Jun. 16Jul. 23Aug. 23b. 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#54400 | Written in 18-Jul-2015

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