Forecast september sales volume

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Reference no: EM132186327

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

Month Sales (000)Units

Feb. 17

Mar. 20

Apr. 12

May. 22

Jun. 19

Jul. 24

Aug. 26

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 .20, 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 thousands

(5) 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: EM132186327

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