Question: In Problem 2, use single exponential smoothing with a = 0.2 and compute the exponential smoothing forecasts for February through July. Data From Problem 2:

In Problem 2, use single exponential smoothing with a = 0.2 and compute the exponential smoothing forecasts for February through July.

Data From Problem 2:

The historical sales for a certain model of a single serve coffee maker in units is: January, 26; February, 21; March, 20; April, 23; May, 17, and June, 20. Using a 2-month moving average, what is the forecast for July? If July experienced a demand of 15, what is the forecast for August?

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