National Scan, Inc., sells radio frequency inventory tags
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
12 years ago
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- national_scan_inc._solution.docx