Question: A firm uses exponential smoothing to forecast demand. Using the demand below, calculate the week 4 forecast using an Alpha of . 1 5 .

A firm uses exponential smoothing to forecast demand. Using the demand below, calculate the week 4 forecast using an Alpha of .15. Round your answer to TWO decimal places
Week
Actual Demand
Forecast
1
130
125
2
155
150
3
165
150
4
155

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