(3) A weighted average using 0.55 for August, 0.10 for July, and 0.35 for June. (Round your answer to 2 decima Weighted average 29.85 thousands

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(3) A weighted average using 0.55 for August, 0.10 for July, and 0.35 for June. (Round your answer to 2 decimal places.)
Weighted average
(4) Exponential smoothing with a smoothing constant equal to 0.25, assuming a March forecast of 17(000). (Round your intermediate
forecast values and final answer to 2 decimal places.)
Forecast
29.85 thousands
Yt
(19.66) thousands
(5) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.)
(22.40) thousands
Transcribed Image Text:(3) A weighted average using 0.55 for August, 0.10 for July, and 0.35 for June. (Round your answer to 2 decimal places.) Weighted average (4) Exponential smoothing with a smoothing constant equal to 0.25, assuming a March forecast of 17(000). (Round your intermediate forecast values and final answer to 2 decimal places.) Forecast 29.85 thousands Yt (19.66) thousands (5) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.) (22.40) thousands
Problem 3-2 (Algo)
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:
Sales
Month (000) Units
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
15
18
12
20
23
23
27
Click here for the Excel Data File
a. Forecast September sales volume using each of the following:
(1) The naive approach.
Naive approach
23 thousands
(2) A five-month moving average. (Round your answer to 2 decimal places.)
Moving average
21.40 thousands
Transcribed Image Text:Problem 3-2 (Algo) National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Sales Month (000) Units Feb. Mar. Apr. May. Jun. Jul. Aug. 15 18 12 20 23 23 27 Click here for the Excel Data File a. Forecast September sales volume using each of the following: (1) The naive approach. Naive approach 23 thousands (2) A five-month moving average. (Round your answer to 2 decimal places.) Moving average 21.40 thousands
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