Question: Could you help explain and answer the following question? Problem 3-2 (Algo) National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month

Could you help explain and answer the following question?

Could you help explain and answer the following

Problem 3-2 (Algo) National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Sales Month (000) Units Feb. 18 Mar. 16 Apr. 15 May 18 Jun. 20 Jul. 21 23 Aug. Click here for the Excel Data File a. Forecast September sales volume using each of the following: (1) The naive approach. Naive approach 23 thousands (2) A five-month moving average. (Round your answer to 2 decimal places.) Moving average 19.40 thousands (3) A weighted average using 0.65 for August, 0.15 for July, and 0.20 for June. (Round your answer to 2 decimal places.) Weighted average 22.10 thousands (4) Exponential smoothing with a smoothing constant equal to 0.15, assuming a March forecast of 16(000). (Round your intermediate forecast values and final answer to 2 decimal places.) Forecast 18.22 thousands (5) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.) Yt thousands

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