exponential smoothing
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The following table represents weekly sales of a product (in $1,000s).
Week Sales
1 14
2 13
3 17
4 14
Forecast sales for week 5 using exponential smoothing with a smoothing constant of 0.4 . Assume the forecast for week 1 is perfect.
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Solution Summary
This solution integrates exponential smoothing.
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Answer: $14,576
By using exponential smoothing with a smoothing constant of 0.4, we have the ...
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