Sells radio frequency inventory tags-linear trend equation

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Reference no: EM132082276

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

Month Sales (000)Units

Feb. 18

Mar. 17

Apr. 11

May. 21

Jun. 17

Jul. 21

Aug. 25

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 thousands

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

Moving average thousands

(3) Exponential smoothing with a smoothing constant equal to .40, assuming a March forecast of 19(000). (Round your intermediate forecast values and final answer to 2 decimal places)

Forecast thousands

(4) A weighted average using .60 for August, .10 for July, and .30 for June. (Round your answer to 2 decimal places.)

Weighted average thousands

Reference no: EM132082276

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