National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:ITSalesMonth(000)UnitsFeb.13Mar.1610Apr.Маy.18Jun.20Jul.21Aug.25Click here for the Excel Data Filea. Forecast September sales volume using each of the following:(1) The naive approach.Naive approachthousands(2) A five-month moving average. (Round your answer to 2 decimal places.)Moving averagethousands (3) A weighted average using 0.60 for August, 0.15 for July, and 0.25 for June. (Round your answer to 2 decimal places.)Weighted averagethousands(4) Exponential smoothing with a smoothing constant equal to 0.15, assuming a March forecast of 15(000). (Round your intermediateforecast values and final answer to 2 decimal places.)Forecastthousands(5) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.)Ytthousands

Given data- Month Sales (000) units Feb 13 Mar 16 Apr 10 May 18 Jun 20 Jul 21 Aug…

National Scan, Ic., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Sales Month (000)Units 13 16 Feb. Mar. Apr. 10 Мay. 18 Jun. 20 Jul. 21 Aug. 25 Click here for the Excel Data File a. Forecast September sales volume using each of the following: (1) The naive approach. Naive approach thousands (2) A five-month moving average. (Round your answer to 2 decimal places.) Moving average thousands

National Scan, Ic., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Sales Month (000)Units 13 16 Feb. Mar. Apr. 10 Мay. 18 Jun. 20 Jul. 21 Aug. 25 Click here for the Excel Data File a. Forecast September sales volume using each of the following: (1) The naive approach. Naive approach thousands (2) A five-month moving average. (Round your answer to 2 decimal places.) Moving average thousands

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Centerville Bikes and Stuff (CBS) sells motorcycles and accessories. The number of helmets sold by CBS per week for the past six weeks follows. Week 1 2 3 Value 17 12 17 (a) mean absolute error MAE = (b) mean squared error MSE = Using the naive method (most recent value) as the forecast for the next week, compute the following measures of forecast accuracy. 4 % 5 6 (d) What is the forecast for week 7? 10 16 15 (c) mean absolute percentage error (Round your answer to two decimal places.) MAPE =
ABC Inc. sells patio sets. Monthly sales for a seven-month period were as follows: Month Sales (000) Unites Feb 19 Mar 18 Apr 15 May 20 Jun 18 Jul 22 Aug 20 Forecast September sales volume using a five-month moving average approach.
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The monthly sales for Yazici Batteries, Inc., were as follows: Jan Feb Mar Apr May Jun Jul Aug Sept Oct 21 23 17 14 11 16 16 18 Nov Dec 20 20 20 24 Month Sales This exercise contains only parts b and c b) The forecast for the next month (Jan) using the naive method=sales (round your response to a whole number). The forecast for the next period (Jan) using a 3-month moving average approach = sales (round your response to two decimal places). The forecast for the next period (Jan) using a 6-month weighted average with weights of 0.10, 0.10, 0.10, 0.20, 0.20, and 0.30, where the heaviest weights are applied to the most recent month= sales (round your response to one decimal place) Using exponential smoothing with a = 0.30 and a September forecast of 21.00, the forecast for the next period (Jan) = sales (round your response to two decimal places). Using a method of trend projection, the forecast for the next month (Jan) = sales (round your response to two decimal places). c) The method…