National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a s

Question

National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows Ape May. 24 30 Forecast September sales volume using each of the following: A linear trend equation.(Round your intermediate calculations and final answer to 2 decimal places.) 2) A five-month moving average. (Round your answer to 2 decimal places.) Moving average housands Exponential smoothing with a smoothing constant equal to .50, assuming a March forecast of 16(000). (Round your intermediate forecast values and final answer to 2 decimal places) housands 4) The naive approach. A weighted average using .60 for August, 20 for July, and 20 for June. (Round your answer to 2 decimal places.) housands

Explanation / Answer

Five month moving average = (14+27+15+24+30)/5 = 22

So the answer is:- 22

Naive approach =:-

Forecast for the next month = actual value of present period

Thus,

Forecast for the month of September= present value of August

So the answer is:- 30

For weighted average:-

Forecast for the month of September= 0.6*30+0.2*24+0.2*15 =25.8

So the answer is:- 25.8

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