National Scan, Inc., sells radio frequency inventory tags.Monthly sales for a seven-month period were as follows:
Month Sales (000) Units
Feb. 18Mar. 21Apr. 15May. 23Jun. 20Jul. 26Aug. 23
a. Forecast September sales volume usingeach of the following:
(1) The naive approach: _________ thousands
(2) A five-month moving average. (Round your answer to 2decimal places.) ___________ thousands
(3) A weighted average using 0.60 for August, 0.10 for July, and0.30 for June. (Round your answer to 2 decimalplaces.) _________ thousands
(4) Exponential smoothing with a smoothing constant equal to0.15, assuming a March forecast of 16(000). (Round yourintermediate forecast values and final answer to 2 decimal places.)_________ thousands
(5) A linear trend equation. (Round your intermediatecalculations and final answer to 2 decimal places.)___________ thousands
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month
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