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Trail Questions 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. 18 Apr 15 May 20 Jun. 18 Jul. 22 Aug. 20 Forecast September sales volume using each of the following: (1) A linear trend equation. (2) A five-month moving average (3) Exponential smoothing with a smoothing constant equal to .20, assuming a March forecast of 19('000) (4) A weighted average using 0.60 for the most recent month, 0.30 for the next most recent, and 0.10 for the next.

Trail Questions 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. 18 Apr 15 May 20 Jun. 18 Jul. 22 Aug. 20 Forecast September sales volume using each of the following: (1) A linear trend equation. (2) A five-month moving average (3) Exponential smoothing with a smoothing constant equal to .20, assuming a March forecast of 19('000) (4) A weighted average using 0.60 for the most recent month, 0.30 for the next most recent, and 0.10 for the next.

Practical Management Science
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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Trail Questions 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. 18 Apr 15 May 20 Jun. 18 Jul. 22 Aug. 20 Forecast September sales volume using each of the following: (1) A linear trend equation. (2) A five-month moving average (3) Exponential smoothing with a smoothing constant equal to .20, assuming a March forecast of 19('000) (4) A weighted average using 0.60 for the most recent month, 0.30 for the next most recent, and 0.10 for the next.
Transcribed Image Text:Trail Questions 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. 18 Apr 15 May 20 Jun. 18 Jul. 22 Aug. 20 Forecast September sales volume using each of the following: (1) A linear trend equation. (2) A five-month moving average (3) Exponential smoothing with a smoothing constant equal to .20, assuming a March forecast of 19('000) (4) A weighted average using 0.60 for the most recent month, 0.30 for the next most recent, and 0.10 for the next.
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