The number of tons of brake assemblies received at an auto parts distribution center last month was
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The number of tons of brake assemblies received at an auto parts distribution center last month was 670. The forecast tonnage was 720 for last month. The company uses a simple exponential smoothing model with a smoothing constant of 0.6 to develop its forecasts. What will be the company’s forecast for the next month?
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For 
Forecasting And Predictive Analytics With Forecast X
ISBN: 978-1259903915
7th edition
Authors: J. Holton Wilson, Barry Keating
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