Question

National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a five-month period were as follows:

Month Sales (units)
Feb. 471
Mar. 310
Apr. 328
May 331
Jun. 334

What is your forecast for July sales volume using a three-month moving average?

Answer 1

To forecast July sales for National Scan, Inc., the sales data from April (328 units), May (331 units), and June (334 units) are averaged together, resulting in a three-month moving average forecast of 331 units for July.

Step-by-step explanation:

The correct option : may

The forecast for July sales volume using a three-month moving average is calculated by averaging the sales units from April, May, and June. The sales volumes for these months are:

We then calculate the average of these three months:

(328 + 331 + 334) / 3 = 993 / 3 = 331 units

Therefore, the forecast for July using the three-month moving average is 331 units.