National scan inc sells radio frequency inventory tags, Ask an Expert

Management Studies

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

Month Sales (000)Units

Feb. 20

Mar. 18

Apr. 13

May. 26

Jun. 17

Jul. 23

Aug. 21

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 .10, assuming a March forecast of 15(000). (Round your intermediate forecast values and final answer to 2 decimal places)

Forecast thousands

(4) The naive approach. N

Naive approach thousands

(5) A weighted average using .70 for August, .20 for July, and .10 for June. (Round your answer to 2 decimal places.)

Weighted average thousands

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92441894

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