National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Sales (000)Units Feb. 13 Mar. 16 Apr. 10 May. 18 Jun. 20 Jul. 21 Aug. 25 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 .15, 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. Naive approach thousands (5) A weighted average using .60 for August, .15 for July, and .25 for June. (Round your answer to 2 decimal places.) Weighted average thousands
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