Consider the following annual sales data for 1996 - 2003, use the linear regression method and deter


Question: Assume that the forecasted demand for 2001 is 15, use the following data set and exponential smoothing with \(\alpha \) = 0.4 and determine the forecasted demand for 2002, 2003, and 2004.

Year Demand

2001 16
2002 20

2003 18

F 2002 = F2003 = F2004 =

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