National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were...
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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. 20
Mar. 20
Apr. 7
May. 22
Jun. 18
Jul. 24
Aug. 30
a. Forecast September sales volume using each of the following:
(1) The naive approach.
(2) A five-month moving average. (Round your answer to 2 decimal places.)
(3) A weighted average using 0.65 for August, 0.05 for July, and 0.30 for June. (Round your answer to 2 decimal places.)
(4) Exponential smoothing with a smoothing constant equal to 0.20, assuming a March forecast of 14(000). (Round your intermediate forecast values and final answer to 2 decimal places.) (5) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.)
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