Operations Management

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

    
 

 MonthSales
(000)Units
  Feb.19
  Mar.19
  Apr.13
  May.25
  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[removed] thousands  

    
 

(2)

A five-month moving average. (Round your answer to 2 decimal places.)

    
 

  Moving average[removed] thousands  

    
 

(3)

Exponential smoothing with a smoothing constant equal to .40, assuming a March forecast of 16(000). (Round your intermediate forecast values and final answer to 2 decimal places)

    
 

  Forecast[removed] thousands  

   
 

(4)The naive approach.

    
 

   Naive approach[removed] thousands  

    
 

(5)

A weighted average using .60 for August, .20 for July, and .20 for June. (Round your answer to 2 decimal places.)

     

  Weighted average[removed] thousands  
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DrWillisExpert
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