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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 19
Mar 15
Apr 12
May 28
Jun 17
Jul 24
Aug 28
b. Forecast September sales volume using each of the following:
SHOW WORKS
(1) The naive approach.
(2) A five month moving average.
(3) A weighted average using .60 for August, .10 for July, and .30 for June.
(4) Exponential smoothing with a smoothing constant equal to .30, assuming a a March forecast of 15(000).
(5) A linear trend equation.
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