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Sells radio frequency inventory tags

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

Month (000) Units

Feb. 18

Mar. 16

Apr. 15

May. 18

Jun. 20

Jul. 21

Aug. 23

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.)

Yt 22.99 thousands

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

Moving average 19.4 thousands

(3) Exponential smoothing with a smoothing constant equal to .15, assuming a March forecast of 16(000). (Round your intermediate forecast values and final answer to 2 decimal places)

Forecast thousands

(4) The naive approach.

Naive approach 23 thousands

(5) A weighted average using .65 for August, .15 for July, and .20 for June. (Round your answer to 2 decimal places.)

Weighted average thousands

Reference no: EM132287516

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