Question: 1) When new products or services are introduced, focus forecasting models are an attractive option. 2) Exponential smoothing adds a percentage (called alpha) of the

1) When new products or services are introduced, focus forecasting models are an attractive option. 2) Exponential smoothing adds a percentage (called alpha) of the last period's forecast to estimate the next period's demand. 3) Forecasts based on an average tend to exhibit less variability than the original data.

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