National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Sales (000)Units Feb. 17...

29

b. Forecast September sales volume using each of the following:

(3) Exponential smoothing with a smoothing constant equal to .10, assuming a March forecast of 15(000). (Round your intermediate forecast values and final answer to 2 decimal places)

Forecast          34.61 

34.61 Incorrect

 thousands

(4) The naive approach.

Naive approach          38 

38 Incorrect

 thousands