2. National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Sales (000 units) Feb. Mar. 18 Apr. 15 20 18 May Jun. Jul. 22 Aug. 20 a. Plot the monthly data on a sheet of graph paper. b. Forecast September sales volume using each of the following: (1) The naive approach (2) A five-month moving average (3) A weighted average using .60 for August, .30 for July, and .10 for June

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section: Chapter Questions
Problem 40P: The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels....
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2. National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period
were as follows:
Month Sales (000 units)
Feb.
Mar.
15
Apr.
20
18
May
Jun.
Jul.
22
Aug.
20
a. Plot the monthly data on a sheet of graph paper.
b. Forecast September sales volume using each of the following:
(1) The naive approach
(2) A five-month moving average
(3) A weighted average using .60 for August, .30 for July, and .10 for June
Transcribed Image Text:2. National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Sales (000 units) Feb. Mar. 15 Apr. 20 18 May Jun. Jul. 22 Aug. 20 a. Plot the monthly data on a sheet of graph paper. b. Forecast September sales volume using each of the following: (1) The naive approach (2) A five-month moving average (3) A weighted average using .60 for August, .30 for July, and .10 for June
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