Statistics Solutions

[See Solution] The following data summarizes the historical demand for a product Month Actual demand March 20 April 25 May 40 June 35 July 30 August 45 Use

Question: The following data summarizes the historical demand for a product

Month Actual demand
March 20
April 25
May 40
June 35
July 30
August 45

Use exponential smoothing with \(\alpha =.2\) and the smoothed forecast for July is 32 and determine August and September’s smoothed forecasts.

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Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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