Business, 28.01.2020 17:51, CHEVYWADDELL

Problem 3-2
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. 19
apr. 12
may. 22
jun. 18
jul. 24
aug. 22

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
19.6
thousands

(3)
exponential smoothing with a smoothing constant equal to .30, assuming a march forecast of 17(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

Answers: 2

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Problem 3-2
national scan, inc., sells radio frequency inventory tags. monthly sales for a sev...