Assignment:
Q: National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:
Month Sales
(000)Units
Feb. 15
Mar. 16
Apr. 13
May. 20
Jun. 20
Jul. 23
Aug. 25
Forecast September sales volume using each of the following:
A linear trend equation.
A five-month moving average.
Exponential smoothing with a smoothing constant equal to .20, assuming a March forecast of 17(000).
The naive approach.
A weighted average using .50 for August, .10 for July, and .40 for June.