Categories
Operations Management
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. | 19 |
| Apr. | 13 |
| May. | 25 |
| Jun. | 16 |
| Jul. | 23 |
| Aug. | 23 |
|
|
|
| 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 | [removed] thousands |
| (2) |
A five-month moving average. (Round your answer to 2 decimal places.) |
| Moving average | [removed] thousands |
| (3) |
Exponential smoothing with a smoothing constant equal to .40, assuming a March forecast of 16(000). (Round your intermediate forecast values and final answer to 2 decimal places) |
| Forecast | [removed] thousands |
| (4) | The naive approach. |
| Naive approach | [removed] 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 | [removed] thousands |
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