Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

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

ID: 424628 • Letter: N

Question

National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:


b.
Forecast September sales volume using each of the following:

(1) A linear trend equation.(Round your intermediate calculations and final answer to 2 decimal places.)
  

Yt              thousands

(2) A five-month moving average. (Round your answer to 2 decimal places.)

Moving average             thousands

(3) Exponential smoothing with a smoothing constant equal to .20, assuming a March forecast of 18(000). (Round your intermediate forecast values and final answer to 2 decimal places)
  

Forecast             thousands

(4) The naive approach.

Naive approach             thousands

(5) A weighted average using .60 for August, .20 for July, and .20 for June. (Round your answer to 2 decimal places.)

Weighted average             thousands

Month Sales
(000)Units Feb. 20 Mar. 23 Apr. 7 May. 25 Jun. 18 Jul. 28 Aug. 30

Explanation / Answer

Month

Sales
(000)Units

Feb.

20

Mar.

23

Apr.

7

May.

25

Jun.

18

Jul.

28

Aug.

30

Answer:- 5 month moving average:- (7+25+18+28+30)/5 =21.6 thousands units

Answer:- Naive Approach = Next month’s forecast= present actual sales =30 thousands units

Answer:- Weighted average=(0.6*30+0.2*28+0.2*18) =27.2 thousands units

Month

Sales
(000)Units

Feb.

20

Mar.

23

Apr.

7

May.

25

Jun.

18

Jul.

28

Aug.

30

Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
Chat Now And Get Quote