Question: PLEASE include formulas on excel, including exactly what the answer is for each part of the question. Thank you!! Problem 3-2 (Algo) National Scan, Inc.,

PLEASE include formulas on excel, includingPLEASE include formulas on excel, includingPLEASE include formulas on excel, includingPLEASE include formulas on excel, includingPLEASE include formulas on excel, including exactly what the answer is for each part of the question. Thank you!!

Problem 3-2 (Algo) National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Sales (000) Units 19 15 8 Month Feb. Mar. Apr. May. Jun. Jul. Aug. 17 19 20 22 Click here for the Excel Data File a. Forecast September sales volume using each of the following: (1) The naive approach. Answer is complete and correct. Naive approach 22 thousands (2) A five-month moving average. (Round your answer to 2 decimal places.) X Answer is complete but not entirely correct. Moving average 15.60 x thousands (3) A weighted average using 0.65 for August, 0.10 for July, and 0.25 for June. (Round your answer to 2 decimal places.) Answer is complete and correct. Weighted average 21.05 thousands (4) Exponential smoothing with a smoothing constant equal to 0.25, assuming a March forecast of 15(000). (Round your intermediate forecast values and final answer to 2 decimal places.) X Answer is complete but not entirely correct. Forecast 15.00 X thousands (5) A linear trend equation. (Round your intermediate calculations and final answer to 2 decimal places.) Yt thousands

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!