National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Sales (000) Units 20 Month Feb. Mar. 20 Apr. 7 May. 22 Jun. 18 Jul. 24 Aug. 30 Click here for the Excel Data File a. Forecast September sales volume using each of the following: (1) The naive approach. Naive approach 20,200 thousands (2) A five-month moving average. (Round your answer to 2 decimal places.) Moving average thousands

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ISBN:9780470458365
Author:Erwin Kreyszig
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National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:
Month
Sales
(000) Units
Feb.
20
20
22
IT
Mar.
Apr.
May.
Jun.
Jul.
18
24
Aug.
30
Click here for the Excel Data File
a. Forecast September sales volume using each of the following:
(1) The naive approach.
Naive approach
20,200 thousands
(2) A five-month moving average. (Round your answer to 2 decimal places.)
Moving average
thousands
Transcribed Image Text:National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Sales (000) Units Feb. 20 20 22 IT Mar. Apr. May. Jun. Jul. 18 24 Aug. 30 Click here for the Excel Data File a. Forecast September sales volume using each of the following: (1) The naive approach. Naive approach 20,200 thousands (2) A five-month moving average. (Round your answer to 2 decimal places.) Moving average thousands
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