Forecasting using Exponential Smoothing
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Use simple exponential smoothing with a alpha of .3 to estimate April through Sept.
month actual
January 110
February 130
March 150
April 170
May 160
June 180
July 140
August 130
September 140
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Solution Summary
Uses simple exponential smoothing with a alpha of .3 to estimate April through Sept.
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Please see attached file
alpha= 0.3
We use At for January as the same as the actual quantity for January; ie ...
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