Question

this question how The Naïve approach =20 National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows Monthly Sales (000 units) Feb……... Mar……. Apr…….. May……. June……. July…….. Aug…….. 19 18 15 20 18 22 20 a) Plot the monthly data on a sheet of a graph paper b) Forecast September sales volume using each of the following (1) A linear trend equation (2) A five-month moving approach (3) Exponential smoothing with a smoothing constant equal to .20, assuming a March fore-cast 19(000). (4) The Naïve approach (5) A weighted average using .60 For August, .30 for July, .10 for June.

Answer 1

Solution:-

(a)

(b) (1)