Question: 1 . Using exponential smoothing with a weight on actual values: ( a ) if sales are $ 4 5 , 0 0 0 and

1. Using exponential smoothing with a weight on actual values: (a) if sales are $45,000 and $50,000 for 1998 and 1999, what would you forecast for 2000?(The first forecast is equal to the actual value of the preceding year.)(b) Given this forecast and actual 2000 sales of $53,000, what would you then forecast for 2001?

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