Actual demand values for the last four months are as follows. month January February March April Demand
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Question:
- Actual demand values for the last four months are as follows.
month | January | February | March | April |
Demand (1,000s) | 7 | 8 | 6 | 9 |
What is the forecast value (model generated value) for May using exponential smoothing method with Alpha = 0.5? Start your forecast by assuming Fjanuary=Ajanuary Show all work step by step.
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