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National Scan, Ic., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Sales Month (000)Units 13 16 Feb. Mar. Apr. 10 Мay. 18 Jun. 20 Jul. 21 Aug. 25 Click here for the Excel Data File a. Forecast September sales volume using each of the following: (1) The naive approach. Naive approach thousands (2) A five-month moving average. (Round your answer to 2 decimal places.) Moving average thousands

National Scan, Ic., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Sales Month (000)Units 13 16 Feb. Mar. Apr. 10 Мay. 18 Jun. 20 Jul. 21 Aug. 25 Click here for the Excel Data File a. Forecast September sales volume using each of the following: (1) The naive approach. Naive approach thousands (2) A five-month moving average. (Round your answer to 2 decimal places.) Moving average thousands

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.7: Exponential Smoothing Models
Problem 26P: The file P13_26.xlsx contains the monthly number of airline tickets sold by the CareFree Travel...
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National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: IT Sales Month (000)Units Feb. 13 Mar. 16 10 Apr. Маy. 18 Jun. 20 Jul. 21 Aug. 25 Click here for the Excel Data File a. Forecast September sales volume using each of the following: (1) The naive approach. Naive approach thousands (2) A five-month moving average. (Round your answer to 2 decimal places.) Moving average thousands
Transcribed Image Text:National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: IT Sales Month (000)Units Feb. 13 Mar. 16 10 Apr. Маy. 18 Jun. 20 Jul. 21 Aug. 25 Click here for the Excel Data File a. Forecast September sales volume using each of the following: (1) The naive approach. Naive approach thousands (2) A five-month moving average. (Round your answer to 2 decimal places.) Moving average thousands
(3) A weighted average using 0.60 for August, 0.15 for July, and 0.25 for June. (Round your answer to 2 decimal places.) Weighted average thousands (4) Exponential smoothing with a smoothing constant equal to 0.15, assuming a March forecast of 15(000). (Round your intermediate forecast values and final answer to 2 decimal places.) Forecast thousands (5) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.) Yt thousands
Transcribed Image Text:(3) A weighted average using 0.60 for August, 0.15 for July, and 0.25 for June. (Round your answer to 2 decimal places.) Weighted average thousands (4) Exponential smoothing with a smoothing constant equal to 0.15, assuming a March forecast of 15(000). (Round your intermediate forecast values and final answer to 2 decimal places.) Forecast thousands (5) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.) Yt thousands
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(3) A weighted average using 0.60 for August, 0.15 for July, and 0.25 for June. (Round your answer to 2 decimal places.) Weighted average (4) Exponential smoothing with a smoothing constant equal to 0.15, assuming a March forecast of 15(000). (Round your intermediate forecast values and final answer to 2 decimal places.) Forecast thousands Yt thousands (5) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.) thousands
Transcribed Image Text:(3) A weighted average using 0.60 for August, 0.15 for July, and 0.25 for June. (Round your answer to 2 decimal places.) Weighted average (4) Exponential smoothing with a smoothing constant equal to 0.15, assuming a March forecast of 15(000). (Round your intermediate forecast values and final answer to 2 decimal places.) Forecast thousands Yt thousands (5) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.) thousands
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