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[Solution Library] Exponential smoothing with a smoothing constant equal to .20, assuming a March forecast of 19(000) (hint the equation is explained on

Question: Exponential smoothing with a smoothing constant equal to .20, assuming a March forecast of 19(000) (hint the equation is explained on page 83 in your textbook)…let me get you started

Month                  Forecast = F(old)              +             .20[Actual – F(old)]

April                       18.8         =19                       +             .20[18 – 19]

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