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Yearly Forecast Analysis

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Perform an exponential smoothing forecast with α=0.3 with the following data. Use the demand for the month of January for the initial forecast.

Month Demand
January 21
February 23
March 34
April 32
May 33
June 35
July 30
August 26
September 24
October 25
November 26
December 28

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Solution Summary

This solution contains an exponential smoothing forecast that has been performed on the given data with all workings and formulas shown in an excel file.

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