Study Questions

Operations Management

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


 Month Sales
  Feb. 19
  Mar. 19
  Apr. 13
  May. 25
  Jun. 16
  Jul. 23
  Aug. 23


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



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


 Yt [removed] thousands  



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


  Moving average [removed] thousands  



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  



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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