Problem 3-2 National Scan, Inc., sells radio frequency inventory tags. Monthly s
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Question
Problem 3-2
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:
A linear trend equation.(Round your intermediate calculations and final answer to 2 decimal places.)
A five-month moving average. (Round your answer to 2 decimal places.)
Exponential smoothing with a smoothing constant equal to .10, assuming a March forecast of 17(000). (Round your intermediate forecast values and final answer to 2 decimal places)
A weighted average using .70 for August, .10 for July, and .20 for June. (Round your answer to 2 decimal places.)
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:
Explanation / Answer
Month Sales Forecasts Constant 1 19 0.1 2 16 17 3 11 16.90 4 25 16.31 5 17 17.18 6 21 17.16 7 25 17.54 Exponential smoothing 18.29 Linear Equation 24 Five month moving average 19.8 Naïve approach forecast 25 Weighted Average forecast 23
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