National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven month period were as follows: Months Sales (in thousand units) February 15 March 19 April 12 May 21 June 23 July 24 August 27 a. Using the Naïve method in order to forecast September sales volume. b. Using linear trend equation in order to forecast September sales volume. c. Using five-month moving average in order to forecast September sales volume.
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven month period were as follows:
Months Sales (in thousand units)
February 15
March 19
April 12
May 21
June 23
July 24
August 27
a. Using the Naïve method in order to
b. Using linear trend equation in order to forecast September sales volume. c. Using five-month moving average in order to forecast September sales volume.
d. Using weighted moving average of 0.80 for August, 0.05 for July, and 0.15 for June in order to forecast September sales volume.
e. Using Exponential smoothing with a smoothing constant equal to 0.25 and assuming a March forecast of 18(000) in order to forecast September sales volume.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 4 images
