Question
In: Operations Management
1. National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were...
1. National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:
| Month | Sales (000)Units |
| Feb. | 19 |
| Mar. | 15 |
| Apr. | 8 |
| May. | 17 |
| Jun. | 19 |
| Jul. | 20 |
| Aug. | 22 |
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 21.42 Correct thousands
(2) A five-month
moving average. (Round your answer to 2 decimal
places.)
Moving
average Not
attempted thousands
(3) Exponential
smoothing with a smoothing constant equal to .25, assuming a March
forecast of 15(000). (Round your intermediate forecast
values and final answer to 2 decimal places)
Forecast
Not attempted thousands
(4) The naive
approach.
Naive
approach
Not attempted thousands
(5) A weighted average
using .65 for August, .10 for July, and .25 for June.
(Round your answer to 2 decimal places.)
Weighted average Not attempted thousands
Solutions
Expert Solution
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keosha answered 6 months agoRelated Solutions
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as...
National Scan, Inc., sells radio frequency inventory tags.
Monthly sales for a seven-month period were as follows: Month Sales
(000)Units Feb. 14 Mar. 20 Apr. 11 May. 22 Jun. 21 Jul. 25 Aug. 16
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...
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as...
National Scan, Inc., sells radio frequency inventory tags.
Monthly sales for a seven-month period were as follows:
Month
Sales
(000)Units
Feb.
17
Mar.
20
Apr.
12
May.
22
Jun.
19
Jul.
24
Aug.
26
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
(4) The naive approach.
Naive approach _______ thousands
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as...
National Scan, Inc., sells radio frequency inventory tags.
Monthly sales for a seven-month period were as follows:
Month
Sales
(000)Units
Feb.
20
Mar.
17
Apr.
13
May.
28
Jun.
17
Jul.
23
Aug.
26
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)...
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as...
National Scan, Inc., sells radio frequency inventory tags.
Monthly sales for a seven-month period were as follows: Month Sales
(000)Units Feb. 18 Mar. 17 Apr. 15 May. 22 Jun. 15 Jul. 24 Aug. 28
b. Forecast September sales volume using each of the following: (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 .20, assuming a March forecast of
18(000). (Round your intermediate calculations and...
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as...
National Scan, Inc., sells radio frequency inventory tags.
Monthly sales for a seven-month period were as follows:
Month
Sales
(000)Units
Feb.
19
Mar.
15
Apr.
8
May.
17
Jun.
19
Jul.
20
Aug.
22
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...
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as...
National Scan, Inc., sells radio frequency inventory tags.
Monthly sales for a seven-month period were as follows:
Month
Sales
(000)Units
Feb.
19
Mar.
22
Apr.
8
May.
24
Jun.
19
Jul.
27
Aug.
22
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...
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as...
National Scan, Inc., sells radio frequency inventory tags.
Monthly sales for a seven-month period were as follows:
Month
Sales
(000)Units
Feb.
12
Mar.
22
Apr.
9
May.
24
Jun.
19
Jul.
27
Aug.
24
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...
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as...
National Scan, Inc., sells radio frequency inventory tags.
Monthly sales for a seven-month period were as follows:
Month
Sales
(000)Units
Feb.
18
Mar.
16
Apr.
15
May.
18
Jun.
20
Jul.
21
Aug.
23
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...
1. National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were...
1. National Scan, Inc., sells radio frequency inventory tags.
Monthly sales for a seven-month period were as follows: Month Sales
February 19
March 18
April 19
May 20
June 18
July 21
August 19
Forecast September sales volume using each of the following:
a. The naive approach.
b. A three-month moving average.
c. A weighted average using 0.70 for August, 0.20 for July, and
0.10 for June.
d. Exponential smoothing with a smoothing constant 0.30,
assuming a March forecast of...
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: SalesMonth(000)UnitsFeb.19Mar.22Apr.8May.24Jun.19Jul.27Aug .22b. Forecast September sales volume using each of the following: (1) A linear trend equation. (2) A five-month moving average. (3) Exponential smoothing with a smoothing constant equal to .25, assuming a March forecast of 17(000). (4) The naive approach. (5) A weighted average using .50 for August, .15 for July, and.35 for June.
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