Question: National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven - month period were as follows: ( Month , Sales ) (
National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a sevenmonth period were as follows: Month SalesFebMarAprMayJunJulAug
a Plot the monthly data.
b Forecast September sales volume using
The nave approach
Fivemonth moving average
A weighted average using for August, for July, and for June.
Exponential smoothing with a smoothing constant equal to assuming a March forecast of
A linear trend equation.
c Which method seems least appropriate? Why? Hint: Refer to your plot from part dWhat does use of the term sales rather than demand presume?
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