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Forecast september sales volume

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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.

13

Mar.

16

Apr.

10

May.

18

Jun.

20

Jul.

21

Aug.

25

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 0.60 for August, 0.15 for July, and 0.25 for June. (Round your answer to 2 decimal places.)

(4) Exponential smoothing with a smoothing constant equal to 0.15, assuming a March forecast of 15(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.)

Reference no: EM133061798

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