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Forecasting Techniques : Exponential Smoothing

The following table shows the demand for an important item for months January through April. You decided to use the exponential smoothing with alpha= 0.3 and the forecast for January was 52. What is the forecasted demand for May?

Month Demand
January 55
February 52
March 56
April 64

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Solution Summary

Solution develops a demand forecast for the given period by using Exponential Smoothing Technique.