Question: Assume you are forecasting with an exponential smoothing model using ( = 0.6. How much weight is placed on the most recent actual demand? How

Assume you are forecasting with an exponential smoothing model using ( = 0.6. How much weight is placed on the most recent actual demand? How much weight is given to the demand one time period older than the most recent data? How much weight is given to data from two periods in the past?

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