Answered: National Scan, Ic., sells radio…

National Scan, Ic., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Sales Month (000)Units Feb. 13 Mar. 16 Apr. May. 10 18 Jun. 20 Jul. 21 Aug. 25

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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Question

National Scan, Ic., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:
Sales
Month
(000)Units
Feb.
13
Mar.
16
10
Apr.
Мay.
18
Jun.
20
Jul.
21
Aug.
25
Click here for the Excel Data File

(4) Exponential smoothing with a smoothing constant equal to 0.15, assuming a March forecast of 15(000). (Round your intermediate
forecast values and final answer to 2 decimal places.)
Forecast
thousands
(5) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.)
Yt
thousands

Expert Solution

Step 1

Equation: Y= mx + b

Where Y is the y coordinate, m is the slope, x is the x coordinate and b is the y-intercept.

Given data:

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