National Mixer Inc. sells can openers. Monthly sales for a seven-month period were as
Month Sales (000 units)
Forecast September sales volume using each of the following:
a. A linear trend equation.
b. A five-month moving average.
c. Use a smoothing factor of 0.20 assuming a March forecast of 19000.
d. Which method seems the least appropriate? Why?
e. Plot the actual data and forecast on a graph
. A company that processes fruits and vegetables is able to produce 400 cases of canned peaches
in one half-hour with four workers. What is the labour productivity?
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