You have been assigned to forecast the number of aircraft engines ordered each month by Commins Engine
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You have been assigned to forecast the number of aircraft engines ordered each month by Commins Engine Company. At the end of February, the forecast is that 100 engines will be ordered during April. During March, 120 engines are ordered. Using a 50.3 and the basic equation for simple exponential smoothing, determine a forecast (at the end of March) for the number of orders placed during April. Answer the same question for May.
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Related Book For
Practical Management Science
ISBN: 978-1305250901
5th edition
Authors: Wayne L. Winston, Christian Albright
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