Forecasting-Exponential Smoothing
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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 x=.2 and the smoothed forecast for July is 32 and determine August and September's smoothed forecasts.
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Solution Summary
Exponential smoothing has been used for making forecasts.
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