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Month (O00) Units Feb Mar. Apr May Jun Jul. Aug 17 20 12 19 24 26 b. Forecast September sales volume using each of the follow

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

(1) (Omitted) 

(2) A five-month moving average.

(3) Exponential smoothing with a smoothing constant equal to .20, assuming a March forecast of 16(000).

(4) The naive approach 

(5) A weighted average using .60 for August, .10 for July, and .30 for June.


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Answer #1

3)The Exponential smoothening for September = 0.20*20.6+(1-0.20)*26 = 24.92
4)Naive approach = 26 ( Same as August)
5) A weighted Average =0.60*26+0.10*24+0.3*19 = 23.70

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