Business, 07.03.2020 00:19 hello123485

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

Month Sales (000)Units
Feb. 19
Mar. 22
Apr. 8
May 24
Jun 19
Jul 27
Aug 22
b. Forecast September sales volume using each of the following

1. A linear trend equation. Round intermediate calculations and finals answer to 2 decimal places.

YT = thousands

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

3. Exponential smoothing with a smoothing constant equal to 0.25 assuming a March forecast of 17(000). Round intermediate forecast values and final answer to 2 decimal places.

Forecast thousands

4. The naive approach

Naive approach thousands

5. A weighted average using .50 for August .15 for July, and .35 for June. Round your answer to 2 decimal places.

Weighted average thousands

Answers: 1

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National Scan, Inc. sells radio frequency inventory tags. Monthly sales for a seven month period wer...