Expalin the appropriate forecasting method

Assignment Help Microeconomics

Reference no: EM131799442

Question: National Scan, Inc., sells ratio frequency inventory tags. Monthly sales for a 6-month period were as follows:

Month:	Sales
Feb	65
Mar	66
Apr	69
May	69
Jun	70
Jul	73

Use an appropriate forecasting method to prepare forecast Sales.

a) The May forecast by using the appropriate forecasting method is (in 4 decimal places).

b) The August forecast by using the appropriate forecasting method is (in 4 decimal places).

Reference no: EM131799442

Questions Cloud

Compute the total cost of job : Job A45 required 4 boxes of direct materials at a cost of $30 per box and took employees 20 hours to complete

Steps to managing that resource : 1. Pick one of your resources in your business, and as a SMEs, describe the 5 steps to managing that resource?

Explains the concepts behind group decision-making : One video available on Youtube which I found very useful and accurate explains the concepts behind group decision-making.

Preparing an audit in business : What would be the phases required in preparing an Audit in your business?

Expalin the appropriate forecasting method : National Scan, Inc., sells ratio frequency inventory tags. Monthly sales for a 6-month period were as follows.

Discuss what is expected to happen to contribution margin : what is expected to happen to the Contribution Margin (CM) and to the Break-Even Point (BE) respectively

Analyse quantitative data using IBM SPSS statistics : Analyse quantitative data using IBM SPSS Statistics This data is available in the Teaching Resources section of the BRM module website in the CW2 Data

How do state and federal courts compare : What are the similarities and differences with respect to the kinds of cases heard in each court? What is judicial review in connection with the Constitution.

Explain what are the flows within a supply chain : Provide an overview of a supply chain, including the elements that make up a supply chain. What are the flows within a supply chain, and why are they important?

User Account

All Pages