National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a s

Question

National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Feb. Mar Apr May. Jun Jul. Aug 18 15 24 16 24 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.) 23.85 thousands (2) A five-month moving average. (Round your answer to 2 decimal places.) 19.4 thousands (3) Exponential smoothing with a smoothing constant equal to 40, assuming a March forecast of 17(000). (Round your intermediate forecast values and final answer to 2 decimal places) Forecast (4) The naive approach Naive approach 24 thousands (5) A weighted average using 70 for August 20 for July, and 10 for June (Round your answer to 2 decimal places.) Weighted average 22 8 thousands References eBook & Resources

Explanation / Answer

4)

for exponential smoothing:

Forecast =21.08 ( please try 21.09 if this comes wrong)

month sales forecast 1 feb 18 2 mar 15 17.00 3 apr 11 16.20 4 may 24 14.12 5 jun 16 18.07 6 jul 22 17.24 7 aug 24 19.14 8 21.08

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